(Exam 2) VCAA 2011 Business-related Mathematics: Q2(a)

[oneialex]

This is probably going to be basic, but I'm constantly getting my calculations wrong on this question. Could anyone provide the appropriate calculations for solving the question? I must be looking at the method of calculating it wrong and providing the right method would be very reassuring. Thanks in advance. 

[StumbleBum]

Do you want the calculator working or the annuities formulae working?..

[oneialex]

Do you want the calculator working or the annuities formulae working?..

Whichever is more appropriate.

[StumbleBum]

Hoping you have the ClassPad, this is how you would input the information:



so using the financial sover gives

[oneialex]

Hoping you have the ClassPad, this is how you would input the information:



so using the financial sover gives

By hand, using the annuities formula, which would be harder and pointless to do, you would do it like so:

I see where I've gone wrong already, just isn't my day with the TVM solver. Much appreciated

[StumbleBum]

I see where I've gone wrong already, just isn't my day with the TVM solver. Much appreciated

no worries, i'll stop writing the rest out then...