vw, right off the top of my head, it looks like the 1st year is only .5 a year (august to february).
You know, with the exception of one deadly and unpredictable midget, this girl is the smallest cargo I've ever had to transport. Yet by far the most troublesome. Does that seem right to you?
Early ,'Objects In Space'
Spike's Bitches 34: They're All Slime and Antlers
[NAFDA] Spike-centric discussion. Lusty, lewd (only occasionally crude), risque (and frisque), bawdy (Oh, lawdy!), flirty ('cuz we're purty), raunchy talk inside. Caveat lector.
-t - Jan 11, 2007 2:28:54 pm PST #389 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
brenda m - Jan 11, 2007 2:31:43 pm PST #390 of 10001
If you're going through hell/keep on going/don't slow down/keep your fear from showing/you might be gone/'fore the devil even knows you're there
So, in 2001 you pay $9,802; every year you get $551. In 2031 you get $10,000. So, total amount: 551x30+10,000.
Not (551x30+10,000) - 9,802? And that half year thing - is it an even six months?
ETA, also, is the interest compounding or are you taking it out each year?
vw bug - Jan 11, 2007 2:32:44 pm PST #391 of 10001
Mostly lurking...
vw, right off the top of my head, it looks like the 1st year is only .5 a year (august to february).
That's a good point.
Hil, I'm getting 5.576 % for the first one, and the back of the book says 5.62%.
-t - Jan 11, 2007 2:33:15 pm PST #392 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Simple interest, so not compounding.
vw bug - Jan 11, 2007 2:34:10 pm PST #393 of 10001
Mostly lurking...
ETA, also, is the interest compounding or are you taking it out each year?
I think it's taking it out each year--$551 is what I have in my notes from when we talked about it in class.
And, looking at this, it might be the six month thing. I'm close, I'm just not exactly there.
-t - Jan 11, 2007 2:35:32 pm PST #394 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
I think you are thinking too much about Annual Yield - just take the interest earned each year and divide by the cost 551/9082=.056213=5.62%
Topic!Cindy - Jan 11, 2007 2:38:04 pm PST #395 of 10001
What is even happening?
What answer are you getting and how are you getting it, and what's the answer in the back of the book say?Hil? Are you reading my brain by mistake?
sj - Jan 11, 2007 2:38:09 pm PST #396 of 10001
"There are few hours in life more agreeable than the hour dedicated to the ceremony known as afternoon tea."
Nicole, insent.
vw bug - Jan 11, 2007 2:39:08 pm PST #397 of 10001
Mostly lurking...
-t, when I do that, I get 6.066%
-t - Jan 11, 2007 2:41:38 pm PST #398 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Huh, you sure do. What did I do to get 5.62 like I just did?