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Go Back   Freemason Hirams Travels Masonic Forums > Science & Mathematics > Mathematics

Mathematics Mathematics

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Old 04-01-2008, 09:24 AM
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Te P has a spectacular aura about
mathematics of finance question. urgent answer thnx :)?

13. A person has $4600 in an account which is earning interest at j2 = 5.1%. What level deposit is required at the end of each half-year for the next 4 years if the account balance is to be $9900 at the end of the 4 years?
(The deposits will be $4600 at time 0 and $R at times 1 to (2×4) inclusive. With focal date at time (2×4) the accumulation of these deposits will equal $9900. Don't forget to give interest to the single payment of $4600.)
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