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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:
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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