I only require the second question which is finding the value of annuity using the "formula " which I don't know. Thanks all for your time
Hi, How are ya just a quick reminder, we cant give direct answers but we do help and we will get the answer together. Its in the http://openstudy.com/code-of-conduct that we cant give direct. But if your willing to we can work on this together
Thanks so much
I really appreciate this:)
Yup and heres somthing that will really help u
The standard formula A=P(1+r/n)^nt doesn't seem to work...
You know what the formula is right? I can put some exaples on here
The issue is that the person is depositing $100 weekly and hence interest would be incremental... but I can't yet figure out the formula which also accounts for the gradual increase of deposit..
For example if I knew that the principal amount, P was a defined value, then this will be a different story, but the question says a deposit of $10 is made weekly and this creates a problem.
Oh ok yea i get it let me think about this one ik what it is im trying to solve your question too
Ok so $100 is deposited at the end of every week for five years in an account that pays 14%/a, compounded weekly. (8)
Now look at the thing i put
It's a formula that works for the questino
Now a matter of subbing in the values
the per period and number of periods=since 7 days in a week for five years, I calculate how many weeks are in a year and then...
Ok there are
now ur teaching me xD
51.14*5=255.7 weeks total in five years
Ok perfect now which one does that cover do you know ( ik im just askin) does it go with P, R or N
P=periodic payment=equivalent to $100 deposit weekly
Awesome now we match the R and the N
the rate and the number of peiods
Now what do you think the rate is? is it 14%?
rate per period=annual rate is 14% therefore I shall divide that by the number of weeks present in a year?
Or in five years?
Actually it's in a year I think
Yea its a year
Now we solve the N number of peiods and it is?
im going to draw this all out btw when we have connected the dots
by the way the value for N is the number of periods so 52.14 woudl be 52? Do I round it off or...
Then I have the formula filled with 100((1+0.003)^52-1)/52
Then I guess I multiply that by 5 to get the final answer?
U GOT IT!!!!!!!!!!!!!!!!!!!!!!!
Can u calculate that or u want me to lol
I got 109.0
Good job Robert
ok then so I multiply that by 5 to get the final answer it looks
Therefore total compounded interest of $545 is produced?
apart from the deposit profit of $545 is made for the investor.
Yes sure and i want that money in 1 dollor bills
Sounds about right:)
In the states you can actually fake transaction by a dollar bill
Lol good job. Thats what openstudy is about helping other instead of direct that way they can do it again but they will know how
How did you get here?
I mean never seen a website like this where people help out for philanthropic reasons
So what subject was? banking or wat
I joined this place a long time ago like 5 years to be exact
discrete function unit of the Grade 11 mathematics up in Ontario Canada
i would have a higher smart score(the 71) but i got banned for a long time for posting school account
and not bad subject
you in university or?
In walden univerty
Down in florida
majoring physics or math?
I am gonna major in physics too
and become the GOD lol
Yea that way we can dominate any math problem
like this one t=t/sqr((1-(c^2/v^2))
can't believe people live without understanding science
dumb parents and teachers teaching kids what to do without knowing anything about how life works, and some of us thinking about stupid things or gettting into bad habit with no science. Like psychology is pseudoscience
yeah sometimes I feel not so justified in any of my decisions including being here without knowing the mathematical train of actions that would most work for the task to be completed. Who knows, if one can quantify a phenomenon then he should be able to quantify thoughts and mental peculiarities people come across... merely an imbalance/ misapplication of numbers and time itself....
Ever thought about training to be a speaker lol cuz those words are great and they would go good in like an election
The only concern is my English teacher dismissed those words by saying "incomprehensible" and "superconvoluting"
Shame to overly standardized nature of modern education downsizing the use of English language....eh?
I also had this physics teacher who couldn't solve the pulley problem.
The one we just did?
It's the one where you use gravitational force counteracting the tension force, on one side, and former supporting the tension force on the other side, and where also the force of friction, static and kinetic energy all play into figuring out the newtons force present on one particular spot on the system.
That sounds awesome and a little tricky
Assuming that the objects are cancelling each other out
Hey quick thing do you see a blue button to the right it says best response?
Click that if you think i helped enough on this question. its on every question you do to reward the person who helped you.
Thanks so much for your time man. Now let us be the harbingers of physics for the future:)
President be a physicist
That sounds like a great idea lol
and one of us as the president and one of us as a vice president
Lol that'd be incredible. Yeah indeed physics if you think about it is the fundamental for everything eh? PhD physicist should qualify for every other degree
Immortality by the law of conservation of energy is really possible though eh?
Yea tru. Now i dont know what time it is at your place but its 4 o'clock here and im going to get some shut eye. And i imagine scientist are working still on immortality and time travel lol
Yeah you bet. Same here in Canada I better sleep in tomorrow man. Thanks for your time and if I make up a mathematical theory I shall consult you:)
Awesome man ^_^ and if i ever make nano gravity bots ill give you some. Because that's what we have been discussing in class lately was making gravity in a bot
universal law of the gravitational force
Yupp and not really making gravity just air but quiet and can float. because in the future i want to make hover cars
using a pull kind of force like a magnet put negitive and ostive the connect = par but when you rive you use negitive and negitive you get pulled away and some how but still keep it near the ground and control it
postulates that every object with a mass has a gravitational pull around it.. just that most are miniscule enough not to affect the dimension we live in aside from the earth's gravitational pull. Well anyway we should go to sleep now hehe
Lol yea later robert
magnets with the same pole repel so if you can somehow induce magnetic means of repulsion whose force exceeds or equals the force of gravity acting on the object of given mass
you would need an extremely strong magnet to do that though
Yea thats what ive been thinking of
Oh induced magnet instead of high way
Bbut magnets are man made things
so we just have to find some one or make our own
Hence the installation of magnets on public high ways would virtually permit the cars to fly for a limited mobility
I just have a lot of ideas on futur inventions
Anyways tho later and night Robery
if induced magnets then electricity will be the primary source instead of the fuel
Yea and it would be 100% eco friendly
brake would be induced magnetic field. ...and cars be equipped with standardized pole which then avoids accidents to certain velocity
And it would defintly cut down the accidents and deaths of them and what if we make the cars magnet and if they get near they will get pushed thats why we would creat a one lane thing you know what im saying?
Doesn't have to be applied from the driver. Sensors can disable a car by compromising the vehicle should the law enforcement summon that utility.
No more car chasing though. LEss interesting traffic life for thugs
Tru what if we created an off switch
Well anyway I think we should talk another time cuz it's getting late here .Human needs sleep until we figure out the physics behind our brain's mechanism... which to our sorrow we have not;...
Yea lol later bro
Yeah man see you in physics meeting a couple of years from now on seriously:)
good night bro
Yea it would be fun.