Albeno69 (stupid) further questions!

[Martoman]

have you tried doing some NEAP matricies exam 2?

Fuck that, that turned me off bad. Now I do business maths. its lovely.

[Blakhitman]

haha nahh...I was meaning to do it actually (after reading you talking of it).

but man, business maths is annoying sometimes, especially the wording they have.

[kenhung123]

have you tried doing some NEAP matricies exam 2?

Fuck that, that turned me off bad. Now I do business maths. its lovely.

Yes its ridiculous. However some say its not assessable 

[Martoman]

I was struggling on it.




and its further maths.




I just went. No. halfway through the module I just gave up. Did buisness on the same paper. Its a joke. Business is ALWAYS a joke. Matricies is variable amoung the exams. VCAA though? pfft, matricies aren't hard at all.

[Blakhitman]

Will you compare the two on the exam day or will you decide before-hand which you will definitely do?

[Albeno69]

Answer is 25935.

N = 96
I% = 6.5
PV = -500
PMT = 200
FV=?    
P/Y=12
C/y= 12

Press FV then you get 25935.30411

the PMT is supposed to be a negative because the money is flowing from you to the bank???
also vcaa got a different answer in the solutions that has also got me stunned on this question.

[milkcarton]

Answer is 25935.

N = 96
I% = 6.5
PV = -500
PMT = 200
FV=?    
P/Y=12
C/y= 12

Press FV then you get 25935.30411

the PMT is supposed to be a negative because the money is flowing from you to the bank???
also vcaa got a different answer in the solutions that has also got me stunned on this question.

Hi Albeno69, I assume the question you're referring to is this one.

3c. $500 is deposited into an account with an interest rate of 6.5% per annum compounding monthly.
Deposits of $200 are made to this account on the last day of each month after interest has been paid.
Determine the total value of this investment at the end of eight years.
Write your answer correct to the nearest dollar.

And also
Martoman's answer of 25935.30411 is correct, you mustn't been looking at the correct examiner's report.
Edit: Sorry, failed to mention that Martoman had the values incorrect, as the above would give an answer of 24255.63.
Albeno69, both values should be negative (PV & PMT) as it's money out of your pocket into the bank. You then should get a correct value of 25935.30411

$25 935 is VCAA's answer. Hope that clears any doubts.

[Albeno69]

Answer is 25935.

N = 96
I% = 6.5
PV = -500
PMT = 200
FV=?     
P/Y=12
C/y= 12

Press FV then you get 25935.30411

the PMT is supposed to be a negative because the money is flowing from you to the bank???
also vcaa got a different answer in the solutions that has also got me stunned on this question.

Hi Albeno69, I assume the question you're referring to is this one.

3c. $500 is deposited into an account with an interest rate of 6.5% per annum compounding monthly.
Deposits of $200 are made to this account on the last day of each month after interest has been paid.
Determine the total value of this investment at the end of eight years.
Write your answer correct to the nearest dollar.

And also
Martoman's answer of 25935.30411 is correct, you mustn't been looking at the correct examiner's report.
Edit: Sorry, failed to mention that Martoman had the values incorrect, as the above would give an answer of 24255.63.
Albeno69, both values should be negative (PV & PMT) as it's money out of your pocket into the bank. You then should get a correct value of 25935.30411

$25 935 is VCAA's answer. Hope that clears any doubts.

yea thanks verry helpful.
2006 vcaa exam 1 business maths module and i struggled on question 9 do u know how to figure this one put thanks.

[milkcarton]

Question 9
Jenny borrowed $18 000. She will fully repay the loan in five years with equal monthly payments.
Interest is charged at the rate of 9.2% per annum, calculated monthly, on the reducing balance.
The amount Jenny has paid off the principal immediately following the tenth repayment is
A. $1876.77
B. $2457.60
C. $3276.00
D. $3600.44
E. $3754.00

Okay, firstly you want to find how much is the monthly repayment. So using the information above, through the TVM Solver
N: 60 (5 x 12(monthly repayments for 5 years)
I: 9.2
PV= 18000 (she borrowed it, so it's in her pocket. Positive value)
PMT = -375.40
FV = 0
P/Y = 12
C/Y = 12

Okay, now that we have that, we want to find out how much of the principal has been paid at the 10th repayment.
N= 10 (1 payment per month; 10 repayments =10 months)
I=9.2
PV=18000
PMT=-375.40
FV= -15542.39
P/Y=12
C/Y=12
Although negative value, use logic to assume it's a positive number

Then simply, principal - future value = 18000 - 15542.39(I preferably don't round up and just look for the one closest) = $2457.61

So the answer is B.

[sam.utute]

Although negative value, use logic to assume it's a positive number
So the answer is B.

I like that. USE LOGIC damn you!

[Albeno69]

thanks

[Martoman]

lol my baddddddd i forgot to put the negative on the PMT. I wrote it in on the calculator to get the right FV but typed it out wrong in my post.

Will you compare the two on the exam day or will you decide before-hand which you will definitely do?

on exam day

[Albeno69]

im doing the 2008 vcaa exam one can someone provide explanation of question 5 my calc doesnt seem to be ever getting the right answers.

[milkcarton]

im doing the 2008 vcaa exam one can someone provide explanation of question 5 my calc doesnt seem to be ever getting the right answers.

What module?

[Albeno69]

im doing the 2008 vcaa exam one can someone provide explanation of question 5 my calc doesnt seem to be ever getting the right answers.

What module?

sorry core