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# MTH302 Correction

in this question u need to calculate intrest semi-annually,  not  annually

PMT=28000
m=2(semi annual periods)
i/m=0.11/2=0.055
n=20
so m is 2 and n is 20
m*n=2*20=40
now we have i/m and m*n so here is formula
FV=PV*(1+(i/m)^m*n
=28000*(1+0.055)^40
=28000*(1.055)^40
=28000*(8.513308774)
=        238372.64

Views: 456

### Replies to This Discussion

acha acha me samj gya aap ko solve karna nehi aata bu my innocent friend

here is righy formula

FV=PV*(1+(i/m)^m*n
bhai mere 5 question may is nay accumulated value mangi hai jis ka frmula page no 63 example no 1 hai oooor face wash kar kay hand out open karna
plz Q.2 ka soluion bta dyn...........
Bas question abhee baki he once it done i'll share here
any other qeustion u can ask at the momnent
Thanks.
A = P(1+r/100)^7
325000=(1+9/100)^7
325000(1.83)
594750

same this you can do it on ms excel by using ROUND(B79*(1+B80/100)^B81;0)

and 2n qeustion is still to be done....
325000 is gona * with (1.83) or we will do like this 325000/(1.83) ???
Hello Dear My Name is Aamir I am new to your group

To me you are calculating wrongly.
1-Question our goal is to have rs 325000 after 7 years
2-we will get 9% per annum compunded interest
3-Now our invested amount should be less than goal

You have done wrong after line 2 .when 1.83 will change its side it will divide 325000 instead of multiply . so answer should be around 177786.13
Thnx
Friends, kindly confirm me r we suppose to write down the exell formulas in the assignments or the actuall formulas through we solve all the question ????
actual formulas in MS doc.
waiting for question # 2...

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