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are you familiar with annuities at all?

yes

But I am not sure whether to use PVOA or PVAD

PVOA = present value of ordinary annuity
PVAD = present value of annuity due

Yeah I know what they are but I am not which one to use in this scneario

in this case, you use PVOA because the payment is made at the end of the period

oh ok

So I am trying to figure out how would I plug in the values

Because Xavier is depositing 6 dollars daily

would that be then used as the C in the equation

yeah that's the cash flow C

then the interest rate would be 0.0457/12 right?

and 12 would be n right?

the /12 part is only if you compound montly

but we're actually compounding annually

so????

what formula are you using again? can you draw it out?

|dw:1434671280661:dw|

thanks

your welcome

PVOA=9595.32

I'm getting the same

Discount points (see attached)
http://www.investopedia.com/terms/d/discountpoints.asp

with that do i have to calculate what it is

which would let to my answer?

yeah you'll get to the answer by following those steps

I am completely lost on how to solve this one

let me think

ok

to find the mean, you simply add up all the percentages and divide by 4
ignore the % signs

when i added all of the rates and divided by 4 i got 6.275

the rates of return

2.1+(-1.3)+4.1+5.5 = 10.4
10.4/4 = 2.6

do you see how I got that?

oh yes yes i do

ok so then from there we do what?

so that's the mean rate of return
2.6%

find the median of -1.3, 2.1, 4.1, 5.5

so i add them together and basically divide again @jim_thompson5910

with the median, you will look for the middle-most number

if there are 2 numbers in the middle, add them up and divide by 2

2.1+4.1=6.2/2=3.1

right?

yep 3.1 is the median

finally onto the weighted mean

oh ok

tell me what you get

-1.9

um

let me check

ohhhhhh

yes yes yes

ok great

1.89133126934984 rounds to 1.9

So that's why the weighted mean is 1.9%

Yup

I put B

one sec

the first one with faith is incorrect

you will use a FVOA formula
then apply the 35% tax

and ok

are they wrong @jim_thompson5910

I'm checking the Jake and Kate one

and the other 2 @jim_thompson5910

and the asher?

still calculating that one

ok