Really? Well I said it was an Accounting question because we are learning it in Accounting:).
I see. Thanks:).
I see, so it is similar to the first question. Is the reason why you don't originally discount it back 37 periods because you only pay the $1,500 for six periods:confused...
Haha, sorry. I just realised clairegirl mentioned it in her first post too:o.
I have only had to use the library once so far and all the books I wanted were out too:mad:.
How long have you been listening to them for? Maybe you just need a break from them:).
Yeah, but I don't really feel sorry for Anna that much. Her voice is really annoying:p.
Definitely:mad:! Do the other Universities have this problem? The other problem I have is that I live so far from the campus, but some people have it worse, so I can't complain:).
The answer is actually $3,222.27. What equation are you using there? I don't follow it:confused:. I think where you went wrong is that the 8%p.a. converts to 2%p.q. and 12%p.a. converts to 3% p.q. I think you were maybe converting it to its effective interest rate, which you aren't supposed to do:).
Haha, what finally made you realise:p?
I know what you mean though, I could have sworn that "iambored" was a guy but it turns out I was wrong and I couldn't believe it for a minute:D.
I bet that EBUS1010 would be in that list too (probably number one). Just for interest sake, how is the list compiled, do they just base it on the highest average for each subject, or the highest percentage of people who pass, or what:)?
If you can get that one, I would appreciate it if you could explain these two to me as well:
Deferred Annuity
What sum of money must be set aside at child's birth to provide for 6 half-yearly payments of $1,500 to help with the cost of tertiary education.
Assume the first payment is made...
Well you won't be able to go into the University Bar, which is where most people spend their free time, so it won't be the best, although my University (Newcastle) doesn't seem to check ID:).
Can someone please help me out with this question? How much was borrowed if payments are $200 every quarter over 5 years and interest is 8%p.a. for the first 3 years and 12%p.a. for the last 2 years? I know you use this equation:
P = C/i [1-(1/{1+i}^n)]
Now, I know that the first line is...