document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1102597>Question 1102597</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I need help!!! thank you to whoever can help me!!!\r<BR>\n" );
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document.write( "David had the following investments for 4 years. <BR>\n" );
document.write( "*900 monthly deposit at 3% compounded weekly<BR>\n" );
document.write( "*9000 deposit into GIC at 4% compounded daily\r<BR>\n" );
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document.write( "A) For each investment, determine the future value<BR>\n" );
document.write( "For A <BR>\n" );
document.write( "N= 4<BR>\n" );
document.write( "I= 3<BR>\n" );
document.write( "PV= 0 <BR>\n" );
document.write( "PmT= -900<BR>\n" );
document.write( "FV= 145955.43<BR>\n" );
document.write( "P/Y=12<BR>\n" );
document.write( "C/Y= 52\r<BR>\n" );
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document.write( "For B\r<BR>\n" );
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document.write( "N= 4<BR>\n" );
document.write( "I= 4<BR>\n" );
document.write( "PV= 0 <BR>\n" );
document.write( "PmT= -9000<BR>\n" );
document.write( "FV= 39825.72<BR>\n" );
document.write( "P/Y=1<BR>\n" );
document.write( "C/Y= 365\r<BR>\n" );
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document.write( "B) Determine the total interest earned for all investments \r<BR>\n" );
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document.write( "C) Determine the combined overall rate of return for all of the investments <BR>\n" );
document.write( "R of R = R = l/p\r<BR>\n" );
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document.write( "D) Determine the combined overall annual rate of return for all the investments <BR>\n" );
document.write( "A r of r = R of R/N\r<BR>\n" );
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document.write( "Again thank you to whoever can help me!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #717326 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=717326\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if you're using the TI-BA-II, it can be tricky to use.\r<BR>\n" );
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document.write( "i did some double checking to see what i would get based on what your problems were asking.\r<BR>\n" );
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document.write( "your first problem as i understand it:\r<BR>\n" );
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document.write( "monthly payment = 900<BR>\n" );
document.write( "annual interest rate = 3%<BR>\n" );
document.write( "interest rate is compounded weekly.\r<BR>\n" );
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document.write( "you want to know what the future value of those payments will be.\r<BR>\n" );
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document.write( "i get a future value of 45,840.72\r<BR>\n" );
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document.write( "this is significantly different than your future value of 145,955.43\r<BR>\n" );
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document.write( "i double checked to see if my figure was valid and i believe that it is.\r<BR>\n" );
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document.write( "just a quick check using 12 months to a year for 4 years at 3% per interest rate compounded 12 times a year gets me a future value of 45,838.08757.\r<BR>\n" );
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document.write( "this is a little less than what i got with 3% compounded weekly, but not much less.\r<BR>\n" );
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document.write( "if i take 3% and compound it monthly, my future value of 1 dollar for 12 months would be 1.030415957 which is the effective interest rate.\r<BR>\n" );
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document.write( "if i take 3% and compound it weekly, my future value of 1 dollar for 52 weeks would be 1.03044562.\r<BR>\n" );
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document.write( "3% compounded weekly is equal to 1.000028788 times as much as 3% compounded monthly.\r<BR>\n" );
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document.write( "it gets you more but not very much more, therefore my check of 3% compounded monthly on monthly payments of 900 for 4 years should be close, and it is.\r<BR>\n" );
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document.write( "your future value of 145,955.43 is much higher and so i believe it is in error.\r<BR>\n" );
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document.write( "for part B, my understanding is that you are investing 9000 at the end of each year for 4 years.\r<BR>\n" );
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document.write( "as a yearly investment of 9000 for 4 years at 4% compounded daily, i get a future value of 38,264.22226\r<BR>\n" );
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document.write( "that's closer to what you got but not quite there.\r<BR>\n" );
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document.write( "my assumptions are that your payments are at the end of each month or year.\r<BR>\n" );
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document.write( "to ensure that the calculator is processing end of period payments, i clicked on 2d pmt and the calculator showed END.\r<BR>\n" );
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document.write( "since that was correct, i clicked on 2d cpt to quit.\r<BR>\n" );
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document.write( "if i wanted beginning of period payments, i would have clicked on 2d pmt and, if i saw END, i would click on 2d enter which would then change END to BGN.<BR>\n" );
document.write( "since that's what i would want, i would then click 2d cpt to quit.\r<BR>\n" );
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document.write( "double check what you did and let me know if you get anything different than what i got.\r<BR>\n" );
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document.write( "the answers to the other parts of your question will be determined after we agree on your answers to the first part.\r<BR>\n" );
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document.write( "my email is dtheophilis@gmail.com\r<BR>\n" );
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document.write( " </SPAN>\n" );
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