i need help | Mathematics | Page 1

past finch May 25, 2025, 3:15 PM

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i have no clue how to answer this

deep boltBOT May 25, 2025, 3:15 PM

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past finch i have no clue how to answer this

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past finch May 25, 2025, 3:32 PM

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help

tough blade May 25, 2025, 3:37 PM

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past finch help

I think you can use this to find the “future value of the annuity”

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P = 5,000 (annual investment)
r = 0.04 (annual interest rate)
n = 10 (years)

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Total Amount Repaid Under the Loan (Option B)
400x120=48,000 (total amount of repaid)

48,000-40,000=8,000 (interest paid)

past finch May 25, 2025, 3:45 PM

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tough blade Total Amount Repaid Under the Loan (Option B) 400x120=48,000 (total amount of r...

what about the 4% compounded monthly

cloud oxide May 25, 2025, 3:47 PM

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past finch what about the 4% compounded monthly

Start by working out how many months there are

past finch May 25, 2025, 3:47 PM

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yeah 120

cloud oxide May 25, 2025, 3:48 PM

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And how much are you repaying each month?

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Multiply the two to work out the total repaid

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Wait no

past finch May 25, 2025, 3:50 PM

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but how

cloud oxide May 25, 2025, 3:50 PM

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I’m wrong mb

past finch May 25, 2025, 3:50 PM

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what about the 4% per annum compounded monthly

cloud oxide May 25, 2025, 3:50 PM

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tough blade I think you can use this to find the “future value of the annuity”

U have to rearrange this formula

past finch May 25, 2025, 3:50 PM

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right…

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and what do i rearrange it to

cloud oxide May 25, 2025, 3:52 PM

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i’ve never seen that formula before so i have no idea what the F means and i’m assuming the other person used AI because it’s wrong

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okay so

tough blade May 25, 2025, 3:53 PM

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4 percent you just change into 0.04

tough blade May 25, 2025, 3:53 PM

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tough blade I think you can use this to find the “future value of the annuity”

and use this formula

past finch May 25, 2025, 3:56 PM

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hm

tough blade May 25, 2025, 3:57 PM

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The interest rate r must be written as a decimal, not a percentage.

past finch May 25, 2025, 3:57 PM

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cloud oxide i’ve never seen that formula before so i have no idea what the F means and i’m a...

ai got the 48000

past finch May 25, 2025, 3:57 PM

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tough blade The interest rate r must be written as a decimal, not a percentage.

i know that

cloud oxide May 25, 2025, 3:58 PM

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past finch ai got the 48000

i don’t think that’s right

past finch May 25, 2025, 3:58 PM

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yeah

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thats what i thought too

cloud oxide May 25, 2025, 3:59 PM

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let me j look at the formula

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we know the monthly interest rate is 0.04/12 for one

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so that’s our t

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R

past finch May 25, 2025, 4:01 PM

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does that look right?

cloud oxide May 25, 2025, 4:02 PM

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4% is per year not per month

past finch May 25, 2025, 4:02 PM

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oh ye mb

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how abt now

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it gave me 3292.33 which doesn’t sound right

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is that just the interest?

cloud oxide May 25, 2025, 4:07 PM

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the bottom should be 0.003 as well

past finch May 25, 2025, 4:07 PM

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ohh

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so 39508.06

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is that only the interest?

cloud oxide May 25, 2025, 4:10 PM

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that’s the PV

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which seems wrong

past finch May 25, 2025, 4:10 PM

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yeah

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im supposed to find the future value… arent i?

cloud oxide May 25, 2025, 4:11 PM

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yeah

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so that formula is garbage

past finch May 25, 2025, 4:11 PM

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then what use is this formula

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lmao

cloud oxide May 25, 2025, 4:11 PM

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bro said to use it 😭

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i think that’s what ai said though

past finch May 25, 2025, 4:14 PM

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bro ai

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come on

past finch May 25, 2025, 4:30 PM

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+close

light havenBOT May 25, 2025, 4:30 PM

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past finch +close

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light havenBOT May 25, 2025, 4:30 PM

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light haven

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#i need help