Comments on Profile Post by blackManLover13

  1. Krysyy
    Krysyy
    Mar 4, 2019
  2. blackManLover13
    blackManLover13
    :P
    Mar 4, 2019
  3. blackManLover13
    blackManLover13
    I know how to do this just wanted to have other people figure it out lol
    Mar 4, 2019
  4. ShyguytheGamer1
    ShyguytheGamer1
    .5 interest rate? What bank is Suzy going to? Tell her to get out of H&R Block!
    Mar 4, 2019
  5. ZombieSlayer010
    ZombieSlayer010
    Suzy should have invested in ETFs... Or at least a mutual fund. Or if she's old and just doesn't want to lose the money then a CD.
    Mar 4, 2019
  6. Otus_NigRum
    Otus_NigRum
    P x R x T
    Mar 4, 2019
  7. Gawadrolt
    Gawadrolt
    make me
    Mar 4, 2019
  8. Rhyblet
    Rhyblet
    A=20000*1.005^t, where t is the months after she invests and A is the amount of money she has
    Mar 4, 2019
  9. FalloutHood55
    FalloutHood55
    20,000(1.005/12)^t*12 T=time. Funny thing is I was studying this for a quiz tomorrow
    Mar 4, 2019
  10. Rhyblet
    Rhyblet
    Might want to study a bit more :P
    1.005/12 gives a value of 0.08, which means Suzy would lose money each month
    Mar 4, 2019
  11. FalloutHood55
    FalloutHood55
    It's compounded monthly, has to be divided by 12
    Mar 4, 2019
  12. Rhyblet
    Rhyblet
    T is divided by 12, the 1.005 stays the same
    Mar 4, 2019
  13. blackManLover13
    blackManLover13
    lol it would be A=20,000(1+(.005/12))^t (i think lol)
    Mar 4, 2019
  14. Rhyblet
    Rhyblet
    That works too
    Mar 5, 2019
  15. FalloutHood55
    FalloutHood55
    Before I went to bed I realized that mistake, and that you have to divide the rate by 12 before adding it to 1
    Mar 5, 2019