I’m sort of in the middle of exams right now. Finals week. I’ll post again once i find some free time. But yeah, if any of you out there are math wizs, maybe you can help me out with something.
I’m supposed to prove the APR formula and show that:
APR = 2rN/N+1
Where r is the simple add on interest rate and N is the total number of payments.
I think you’re supposed to come up with an example using whatever numbers you choose and then look for a pattern or something. And then you’re supposed to generalize that example with letters instead of numbers. Does anybody know how the hell to do this??
God i hate math.
Amanda Bynes > APR = 2rN/N+1
#1 | Comment by jackdaniels — April 13, 2005 @ 12:02 am
dude, if I were a math genass I would not be here… but I do know a college math professor… I will ask…
#2 | Comment by Registeredpedophile — April 13, 2005 @ 12:32 am
You should be a math expert!
You fail at being Asian, Justin.
#3 | Comment by JustSumDude — April 13, 2005 @ 12:40 am
Don’t fret, Justin. I didn’t do well in calculus, so I guess I fail at being Asian as well…
#4 | Comment by AngelBaby — April 13, 2005 @ 1:10 am
worthless asian!
i’d still hit it though.
#5 | Comment by Justin — April 13, 2005 @ 1:15 am
it’s a finance question btw, not calculus
#6 | Comment by Justin — April 13, 2005 @ 1:26 am
why the hell are you taking math? anything with numbers is stupid. finals are stupid.
#7 | Comment by dono — April 13, 2005 @ 2:56 am
Seems pretty simple as far as the calculations go but the whole “generalize that example with letters” thing seems pretty vague. Isn’t that what they did by turning it into an equation?
#8 | Comment by Observant — April 13, 2005 @ 3:10 am
Math is for gays
#9 | Comment by Dex — April 13, 2005 @ 3:47 am
I know the answer!
a+z=n
but I’m just generalizing…
got rice?
#10 | Comment by Ryan — April 13, 2005 @ 6:25 am
Not too familar with this formula. Hell never even heard of it until now. I’m stumped even though I taking financial math too. 😛
#11 | Comment by J-Mah — April 13, 2005 @ 6:52 am
Try here:
http://mathworld.wolfram.com/CompoundInterest.html
for a start. Your proof most likely have e in the answer.
#12 | Comment by Steampunk — April 13, 2005 @ 8:06 am
i have a feeling the solution to this problem is a lot simpler than i think.
oh and math is a prerequisite. if i dont have it, i cant graduate.
#13 | Comment by Justin — April 13, 2005 @ 9:12 am
I forgot everything I learned the day after the final exam…
#14 | Comment by rick — April 13, 2005 @ 9:26 am
hey, i could help you out with this problem, i’m pretty sure i learned this a semester ago, i just need to know, are you solving this with algerbra or logic(deductive)
#15 | Comment by Austin — April 13, 2005 @ 3:55 pm
i have no idea really. those were all the instructions we were given (it’s an extra credit assignment).
i think basically we just have to prove and verify the APR formula. not sure about the algebra or logic thing. im guessing both? anyhow, if anybody knows what to do, just post here or email me: psykotik (at) gmail (dot) com
#16 | Comment by Justin — April 13, 2005 @ 4:16 pm
ah yes the world of finance…
got jew?
#17 | Comment by Grinch — April 13, 2005 @ 7:41 pm