hi people…
i suck at math example (2+2=:confused: )
…can some one help me solve this problem..its one of those compound interest question present value/future value stuffff)
ok so here is the question and i do not know the answer!
“A debt can be paid by payments of $2000.00 scheduled today, $2000.00 scheduled in three years, and $2000.00 scheduled in six years. What single payment would settle the debt four years from now if money is worth 6% compounded semi-anually?”
i know..but i am STUCKK soo bad...i have to do sum quizes online and this is one of the question...i dunno how to do it :(...piece of advice college is gheeyyyyy...go to university if you have to
yeah but buddy i can't even add properly...Calculators my best friend...:D i sumtimes have trouble counting money at work...people look at me like i am sum kind of an idiot..
Diya as of when you log in again, your GS priviledges have been revoked somewhat allowing you to open just two threads in a 24hr period....this action was taken after a majority vote by the GS community. - Orpheus :D
Ok in the formula…
first u find FV given PV value of 2000.00 n is 4 years and i = 6/2 now put it in formula and u will get FV
now for second part u find PV given a value of 2000.00 for FV… in this case n will be 2 years and i will be same thing..
Add both answers from FV and PV and u will get ur answer
if u still didn’t get it.. then i will solve it with diagram and will sent u.. but u first try it urself
semi annual interest rate will be higher than annual rate... first find that to get apr ..man i did that long time ago and got a b plus..cant remember it now
i get that…but the answer is still wrong…conclusion MATH IS GHEYy..i dun care..i just finished the quiz and got 63%…meh good enoughh..thanx guyss:hugz: