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You are not logged in. #1 20130220 07:40:47
Time Value of Money1) What is the accumulated value of $150 invested for three years and three months when the rate of interest is 0.5% per month? The right answer is $182.21. How to you get to that figure? #2 20130220 14:12:02
Re: Time Value of MoneyHi vatso; with a(0) = 150. Then you just run the recurrence forward for 39 months. Answer is 182.20809 which when rounded is 182.21 From the recurrence you can also get a formula: Question 3) is done the same way. Last edited by bobbym (20130220 14:34:31) In mathematics, you don't understand things. You just get used to them. I have the result, but I do not yet know how to get it. All physicists, and a good many quite respectable mathematicians are contemptuous about proof. #4 20130221 00:53:19
Re: Time Value of MoneyHi vatso; In mathematics, you don't understand things. You just get used to them. I have the result, but I do not yet know how to get it. All physicists, and a good many quite respectable mathematicians are contemptuous about proof. 