
Algebra PreAlgebra and Basic Algebra Math Forum 
 LinkBack  Thread Tools  Display Modes 
February 6th, 2014, 05:00 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. 
February 6th, 2014, 05:56 PM  #2  
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 13,955 Thanks: 988  Re: Determined capital generated after 24 months Quote:
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?  

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 07:20 AM 
Algebra using capital letters  grainne  Algebra  8  September 26th, 2013 12:53 AM 
Optimal capital structure need help  poko  Economics  0  December 7th, 2012 08:23 AM 
Rolling 3 months YOY data to Monthly YOY data  lumpa  Real Analysis  0  October 19th, 2012 09:07 AM 
Effective interest rate compounded every two months  jdlf  Economics  12  July 3rd, 2011 11:00 PM 