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Forum » Misc help me solve my homework (pic)
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Thread: Misc help me solve my homework (pic)

post 1634650893 03-25-2021, 09:27 PM
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#1
  1. Glutebrahhh
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Misc help me solve my homework (pic)

Time value of money just ****s me. I don't even know where to start

post 1634650923 03-25-2021, 09:27 PM
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#2
  1. amikaelmorris
  2. drink more water
  1. amikaelmorris
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$3.50
post 1634651063 03-25-2021, 09:29 PM
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$69.69
Damn
post 1634651103 03-25-2021, 09:30 PM
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#4
  1. DefaultMode
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6000, final guess
post 1634651193 03-25-2021, 09:31 PM
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#5
  1. xbluexhawkx
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lol

easy as fuk class man srs
Balanced Test Crew
post 1634651323 03-25-2021, 09:33 PM
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#6
  1. Glutebrahhh
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lol honestly, this is someone's time to shine. I got an explanation but it's so chit. If someone can frame this in terms I can understand, reps and respect.
post 1634651673 03-25-2021, 09:38 PM
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#7
  1. ErnieMccracken
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Do you not know how to use a financial calculator?
post 1634651793 03-25-2021, 09:40 PM
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#8
  1. DefaultMode
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Originally Posted By Glutebrahhh⏩
lol honestly, this is someone's time to shine. I got an explanation but it's so chit. If someone can frame this in terms I can understand, reps and respect.
This is probably a simple math problem with a formula
post 1634651823 03-25-2021, 09:41 PM
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#9
  1. Glutebrahhh
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Originally Posted By ErnieMccracken⏩
Do you not know how to use a financial calculator?
I am allowed to use a ten key. I know this is **** is kind of useless, but i'm more frustrated that I don't understand the concept.
post 1634651833 03-25-2021, 09:41 PM
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#10
  1. platinumbrah
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$2012
post 1634652033 03-25-2021, 09:44 PM
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#11
  1. Glutebrahhh
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Originally Posted By DefaultMode⏩
This is probably a simple math problem with a formula
Totally.

But can you tell me what the simple formula is?
post 1634652073 03-25-2021, 09:45 PM
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#12
  1. realiti
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I calculated 6k.

100k/day, *365, cash. 2 days of money market interest on this saved from the bank. 0.06%*2/365 * [100k*365] = 12k, total saved.

500*12 = 6k, the cost.

12k-6k = 6k, net saved.
post 1634652273 03-25-2021, 09:49 PM
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#13
  1. ErnieMccracken
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Originally Posted By Glutebrahhh⏩
I am allowed to use a ten key. I know this is **** is kind of useless, but i'm more frustrated that I don't understand the concept.
So you have to pay $6k for this service.

Figure you are going to clear an extra $12k revenue from the daily money market rate, right? Just multiply to get the daily rate and extrapolate.

$6k net value of service
post 1634652513 03-25-2021, 09:53 PM
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#14
  1. anonkunbrah
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Easily solved with a Laplace transform
post 1634652623 03-25-2021, 09:55 PM
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#15
  1. Glutebrahhh
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Originally Posted By realiti⏩
I calculated 6k.

100k/day, *365, cash. 2 days of money market interest on this saved from the bank. 0.06%*2/365 * [100k*365] = 12k, total saved.

500*12 = 6k, the cost.

12k-6k = 6k, net saved.
Originally Posted By ErnieMccracken⏩
So you have to pay $6k for this service.

Figure you are going to clear an extra $12k revenue from the daily money market rate, right? Just multiply to get the daily rate and extrapolate.

$6k net value of service
Alright you guys win. You have my attention. So... I feel retard.

daily receipt x the extra days x rate...



lmao also on RC, I'll get you guys tomorrow I think
post 1634652803 03-25-2021, 09:57 PM
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#16
  1. batmanman
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You gain $3000 from it, but you pay $6000 for the service, so you're out -$3000
post 1634653133 03-25-2021, 10:02 PM
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#17
  1. DefaultMode
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Originally Posted By Glutebrahhh⏩
Alright you guys win. You have my attention. So... I feel retard.

daily receipt x the extra days x rate...



lmao also on RC, I'll get you guys tomorrow I think
what about me *******, i said 6000 first before anyone else
post 1634653343 03-25-2021, 10:05 PM
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#18
  1. Glutebrahhh
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Originally Posted By DefaultMode⏩
what about me *******, i said 6000 first before anyone else
lol suk a dik you slack jawed ******* you typed 'final guess'
post 1634655543 03-25-2021, 10:50 PM
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#19
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Originally Posted By platinumbrah⏩
$2012
Everythingchanged
Damn
post 1634655783 03-25-2021, 10:54 PM
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#20
  1. dizzin9
  2. Stay safe bros
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$6K (ded fkn Srs)

Sauce: Finance major (ded fkn Srs)
We’re all gonna make it.
post 1634655843 03-25-2021, 10:55 PM
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#21
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Originally Posted By Glutebrahhh⏩
lol suk a dik you slack jawed ******* you typed 'final guess'
Wow

No fuking gratitude
post 1634655953 03-25-2021, 10:57 PM
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Originally Posted By DefaultMode⏩
Wow

No fuking gratitude
Just glutitude
Damn
post 1634656753 03-25-2021, 11:12 PM
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#23
  1. Pumpinmirin
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Bruh, you know excel has the formulas under =FV and =PV n ****?

Just need to remember when a zero or S negative are required.
post 1634663383 03-26-2021, 03:15 AM
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#24
  1. lurker654
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I think this is it but idk.

1. In original scenario you're missing out on 4 days worth of interest ( 1+[0.06/365] * 4 ) on 100k for each collection. 365 collections per year => 0.0006576964 * 100k * 365 =
$24005.92

2. In the $500 scenario you're paying $500 but gaining 2 days interest payment. 1+[0.06/365] ^2 on 100k for each collection. 365 collections per year => 0.00032879415 * 100k * 365 =
$12000.9863014

The difference here is $12000

Then less the fee of ($500) * 12 = ($6000)

24000
(12000)
(6000)
= +$6000
post 1634663523 03-26-2021, 03:25 AM
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#25
  1. BigBoyPants
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I think this is it but idk.

1. In original scenario you're missing out on 4 days worth of interest ( 1+[0.06/365] * 4 ) on 100k for each collection. 365 collections per year => 0.0006576964 * 100k * 365 =
$24005.92

2. In the $500 scenario you're paying $500 but gaining 2 days interest payment. 1+[0.06/365] ^2 on 100k for each collection. 365 collections per year => 0.00032879415 * 100k * 365 =
$12000.9863014

The difference here is $12000

Then less the fee of ($500) * 12 = ($6000)

24000
(12000)
(6000)
= +$350
post 1634682573 03-26-2021, 10:18 AM
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#26
  1. Glutebrahhh
  2. Glutes of Peace
  1. Glutebrahhh
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Originally Posted By BigBoyPants⏩
I think this is it but idk.

1. In original scenario you're missing out on 4 days worth of interest ( 1+[0.06/365] * 4 ) on 100k for each collection. 365 collections per year => 0.0006576964 * 100k * 365 =
$24005.92

2. In the $500 scenario you're paying $500 but gaining 2 days interest payment. 1+[0.06/365] ^2 on 100k for each collection. 365 collections per year => 0.00032879415 * 100k * 365 =
$12000.9863014

The difference here is $12000

Then less the fee of ($500) * 12 = ($6000)

24000
(12000)
(6000)
= +$350
lold

mirin avi too
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