Annuities (1 Viewer)

[lilsxcwog69]

How do you differentiate between Future Value, Present Value (Lump Sum) problems when you need to use any of the three formulas in an exam.

Your help would be greatly appreciated.

 

[Casmira]

firstly, wogs are greeks and italians only not arabs

secondly, usually by the wording of the question tends to give it away, example if you had someone depositing $200 per month for the next 10 years and they want to get $40000 you can draw inference as too what value that is

 

[lilsxcwog69]

firstly, wogs are greeks and italians only not arabs

Does it look like I give a hoot, get over it.

 

[lilsxcwog89]

I still am stuck between PV and FV and when to use them.

Could someone give me a hard example???:burn:

 

[scorpio666]

i agree it doesn't matter what a wog is...

 

[Bractune]

I just want you guys to know that i got 96% in my annuitys assessment and i understand how to do trig too, so there!

 

[lilsxcwog89]

I just want to say for a previous assessment that I got 10/10 for my annuities section, so there!

 

[Bractune]

I just want to say for a previous assessment that I got 10/10 for my annuities section, so there!

If your so good at this stuff why do you need help then?

 

[lilsxcwog89]

If your so good at this stuff why do you need help then?

Sorry im not as good as you, Perfectionist

 

[hopeles5ly]

If your so good at this stuff why do you need help then?

Don't start posting just to provoke other members or just to display arrogance.

 

[lilsxcwog89]

OK Sir, well i wouldnt started provoking ppl IF A member hadnt posted this

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I just want you guys to know that i got 96% in my annuitys assessment and i understand how to do trig too, so there!

 

[hopeles5ly]

OK Sir, well i wouldnt started provoking ppl IF A member hadnt posted this

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I just want you guys to know that i got 96% in my annuitys assessment and i understand how to do trig too, so there!

i wasn't referring to you, I was referring to Bractune.

 

[lilsxcwog89]

Huge mistake

Sorry x 1000

Please accept my apology

 

[Bractune]

No arrogance intendend. I would have thought though if you got 10/10 in annuities you'd have it downpat. FUTURE AMOUNTS A= M[(1+r)n-1/R] where A= future amount M= initial amount R= interest rate as a decimal n= time period.
PRESENT VALUE A= P(1+r)n. LUMP SUM N= A
(1+r)n
All interst rates and time frames have to be the same so if its 12% a year and the question asks about monthly instalments make sure you change the rate to monthly E.G 1% per month.

 

[lilsxcwog89]

Its just the way the word some questions......thanks away for that advice