Thanks Titanium, but I am not quite a genius LOL
In a few years you will know this stuff too :)
yes, multiply goes before divide, and add is before subtract,
pemdas is not just parentheses, exponents, multiplication, division, addition, subtraction, it can also be:
Please Excuse My Dear Aunt Sally
wow melody you're a genius
the money goes in at the very beginning of 2004 and this will be the value at the very beginning of 2008
It has been invested for exactly 4 full years :)
r is the rate. if the interest rate is 5% per annum then r=0.05
$$FV=A(1+r)^4$$
Hi Michael,
This is a sipmlification of the formula because you would not be getting the interested added on yearly. Often it is accrued daily but added monthly.
If it was added monthly then this would be a better formula
$$FV=A\left(1+\frac{r\;(as\; a \;decimal)}{12}\right)^{(4*12)}$$
PEMDAS = parentheses, exponents, multiplication, division, addition, subtraction... (in that order) from left to right in the equation
i dont either
hey michael, is there any other information u could give me to help u with the problem? cuz i think i got ur formula. i just need to substitute the variables with actual numbers. lol
However, i do get that between 2004 and 2008, that is 4 years... sooo... t = 4
but i need more info to answer ur question :)
i agree with dbg4thebest, but just to let you know, lacrossegirl2, lacrossegirl, and miss p**n is behind this all...
and also, watch out for jack frost
4
is the answer
