When you do an interest rate problem involving a deposit of $200 made monthly over 2 years and get 9.42224x10^12 as your answer.

 

:blank:

Medicine is more fun.

When you do an interest rate problem involving a deposit of $200 made monthly over 2 years and get 9.42224x10^12 as your answer.

 

:blank:

depends on the interest rate

 

* actuary response *

^6% annually, brah.

 

I solved the problem though haha, I put it in the calculator as the sum from n = 0 to 23 of 200*e^(1.005(23-n)) instead of e^(0.005(23-n))

 

LOL mathematics :blank:

 

don't mix up your identities, kids

is it beginning-of-month or end-of-month payments

 

omg actuary getting excited INTEREST THEORY e is awesome

End o' month I think

 

Also, I like your pun on actually/actuary, if that's you know, what you meant to do, cuz if it is, then that was so clever lolz :heart:

DOES NOT COMPUTE*(IO&UTGBHJKN<>EF *&(^SEGIOUYBHJKLMN

End o' month I think

 

Also, I like your pun on actually/actuary, if that's you know, what you meant to do, cuz if it is, then that was so clever lolz :heart:

 

'actually' no that's not what I meant but I like that you think like that :awesome:

 

btw as a "check" the maximum present value is simply the payment divided by the interest rate (on the same timing basis); that way you'll easily know whether you royally screwed up

no I solved it though, don't worry :P

 

it was like $5,08something

fuck i cant even process this :lol:

The last time I even did anything like that was when I took Mathematics in Society my first semester of college. I remember nothing. :|

Man, I'm hardly too smart for you, Sara. This ^ "question" gives me the utter limbo.

I've ever only failed most pathetically in even the simplest of maths. Yet another filthy disorder...

That's sum question........................... :rolleyes:

When you do an interest rate problem involving a deposit of $200 made monthly over 2 years and get 9.42224x10^12 as your answer.

 

:blank:

"This does not look right! Why does this not look right?"

I am studying for my statistics final tomorrow.

 

I am calculator challenged right now.

 

Fucking hell. :(

I didn't like financial math very much, it wasn't really hard but I had trouble being able to tell whether the questions were asking for future value, present value, and I think there was a third thing. :­|

When you do an interest rate problem involving a deposit of $200 made monthly over 2 years and get 9.42224x10^12 as your answer.

 

:blank:

Oh, I've had many long, tedious math homework nights full of answers like that. :bomb: I don't miss them.

Man, I'm hardly too smart for you, Sara. This ^ "question" gives me the utter limbo.

I've ever only failed most pathetically in even the simplest of maths. Yet another filthy disorder...

 

gpoy <3