My Math Forum Determined capital generated after 24 months

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 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 $15,000.00. Knowing that the interest rate is 2% per month compound interest, determine the value of that capital. February 6th, 2014, 04:56 PM #2 Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038 Re: Determined capital generated after 24 months Quote:  Originally Posted by itamaratento Determined capital generated after 24 months, an amount of R$ 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?

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