matt
Local caffeine junky
Amazing what happens when you remove a couple of words and an x
Threadkiller Mk XI
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Amazing what happens when you remove a couple of words and an x
ClockworkNinja
New member
Then why are you nervous? Just wear a baggy pants and an extra long shirt.
Or follow these steps:
http://www.wikihow.com/Hide-an-Erection
PsychoFish
New member
Why does that article even exist?
Ike_009
Assassin of Accountants
Why change it, if your interest is calculated monthly then set your calculator to monthly payments, unless you want to divide intrest by your compounding periods.
But i'm glad it's working now
Blazzok
New member
The NSA is now monitoring this thread
Wyvern
Khaleesi
I have no idea, why but its the only way I can do the calculations to get them to work.
LOL [MENTION=6280]Blazzok[/MENTION]
[MENTION=4071]BeoTeK[/MENTION] - shoooooooooooosh we don't need to know what you are up to on your holidays
Ike_009
Assassin of Accountants
so what are you doing now, how are you pressing the keys
Wyvern
Khaleesi
Johan has just got his first job and is offered a retirement annuity which requires him to pay R2 000 each month. Interest will be compounded monthly at an annual rate of 6%. How much money would Johan have if he retires 40 years from today?
1. R246 857
2. R309 524
3. R3 714 287
4. R3 982 982
Ok
PV=2000x12
I=6
N=40
FV=?
But I still get R246857.23
1. R246 857
2. R309 524
3. R3 714 287
4. R3 982 982
Ok
PV=2000x12
I=6
N=40
FV=?
But I still get R246857.23
Blazzok
New member
Shouldn't N be 480? Since it is 40 years x 12 months?
Wyvern
Khaleesi
But then I get a very weird answer - 3.37E16
matt
Local caffeine junky
Oy, I had to figure out those financial calculators when I was at university. Can't really remember how they work because apparently that was 15 years ago (holy crap I'm getting old!)
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Surely then you would have to adjust i to 6/12 rather than the annual interest rate, and have the pv=2000?
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Surely then you would have to adjust i to 6/12 rather than the annual interest rate, and have the pv=2000?
Blazzok
New member
Yeah, the problem is I'm not sure how the calculator calculates this, what formula it uses, etc. Not familiar with financial calculators at all, just trying to give ideas. But since that value you got [MENTION=2530]Wyvern[/MENTION] is so high, I suggest trying matt's suggestions.
Try Interest as 6/12, and PV=2000 but with N=480?
_Caboose_
MG's resident Boozer
Fuck all at the rate eskoms going with the economy
Wyvern
Khaleesi
And then I get 21914.91
[MENTION=9237]Ike_009[/MENTION]! Where areeeeeeeeeeeeeeeee you!
Ike_009
Assassin of Accountants
Wyvern
Khaleesi
Ok now explain to me why that calculation? Please? Cos my textbook has a few and it seems that is where I get confused.
matt
Local caffeine junky
Hang on, your PV should be 0, and PMT should be 2000
Try
PV = 0
PMT = 2000
i = 6
N = 40
matt
Local caffeine junky
You start with a value of 0 (PV = present value), and you make a payment (PMT) each month of R2000.
If you put the payments in PV, then it's just working out if you had R2000 (Or R2000 x 12 as you had), and you never make any contributions, what will it be worth in 40 years just from the interest on the original amount
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