My Math Forum  

Go Back   My Math Forum > High School Math Forum > Algebra

Algebra Pre-Algebra and Basic Algebra Math Forum


Reply
 
LinkBack Thread Tools Display Modes
February 6th, 2014, 04:00 PM   #1
Newbie
 
Joined: Jan 2014

Posts: 25
Thanks: 0

Determined capital generated after 24 months

Good evening forum,

Determined capital generated after 24 months, an amount of R $ 15,000.00. Knowing that the interest rate is 2% per month compound interest, determine the value of that capital.
itamaratento is offline  
 
February 6th, 2014, 04:56 PM   #2
Math Team
 
Joined: Oct 2011
From: Ottawa Ontario, Canada

Posts: 14,337
Thanks: 1024

Re: Determined capital generated after 24 months

Quote:
Originally Posted by itamaratento
Determined capital generated after 24 months, an amount of R $ 15,000.00. Knowing that
the interest rate is 2% per month compound interest, determine the value of that capital.
It would help if you could provide a better translation of your problems into English.

This one looks like you're trying to calculate Present Value.

15000 / 1.02^24 = ?

Any reasons why you don't know these basic financial formulas?
Are you learning on your own?
Denis is offline  
Reply

  My Math Forum > High School Math Forum > Algebra

Tags
capital, determined, generated, months



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Capital applied to simple interest for 2 years itamaratento Algebra 0 February 4th, 2014 06:20 AM
Algebra using capital letters grainne Algebra 8 September 25th, 2013 11:53 PM
Optimal capital structure need help poko Economics 0 December 7th, 2012 07:23 AM
Rolling 3 months YOY data to Monthly YOY data lumpa Real Analysis 0 October 19th, 2012 08:07 AM
Effective interest rate compounded every two months jdlf Economics 12 July 3rd, 2011 10:00 PM





Copyright © 2019 My Math Forum. All rights reserved.