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  • #40244

    gags
    Participant

    Hi,
    Can Someone help me with this ques,
    An initial investment of $6818 is made.  Given an annual interest rate of 9.300%,  receipts of what value must be received for 10 years to have a net present value of zero?
    Regards,
    Gags

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    #124368

    Ken Feldman
    Participant

    DO YOUR OWN HOMEWORK!!

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    #124369

    gags
    Participant

    Just need to have some clue about the same..
    Can

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    #124377

    BTDT
    Participant

    Can:For any time-value-of-money(TVM) calculation, you need to identify five variables. Some are provided, the last one must be calculated depending on the situation. This question is unclear because you have not specified the number of payments. Is is monthly, yearly, daily?For your case let us assume it is monthly and the interest rate per month is 9.33/12:N – 10 * 12 = 120
    i – 9.33 p.c./12 = 0.78 p.c.
    PV – $6818
    FV – $0
    PMT – ?Put these values into a financial calculator and calculate PMT. I get $87,59.BTDT

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    #124378

    BTDT
    Participant

    Gags:For any time-value-of-money(TVM) calculation, you need to identify five variables. Some are provided, the last one must be calculated depending on the situation. This question is unclear because you have not specified the number of payments. Is is monthly, yearly, daily?For your case let us assume it is monthly and the interest rate per month is 9.33/12:N – 10 * 12 = 120i – 9.33 p.c./12 = 0.78 p.c.PV – $6818FV – $0PMT – ?Put these values into a financial calculator and calculate PMT. I get $87,59.BTDT

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    #124380

    gags
    Participant

    Thanks a ton for help.
    Can you suggest any good financial calc website as well. Also if you can suggest me any refrence to solve these kind of question.
    Can you help me creating a excel formula for the same.
    Regards,
    Gags

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    #124381

    gags
    Participant

    Thanks a ton for help.
    Can you suggest any good financial calc website as well. Also if you can suggest me any refrence to solve these kind of question.
    Can you help me creating a excel formula for the same.
    Regards,
    Gags

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    #124382

    Ken Feldman
    Participant

    Hey BTDT, why don’t you do the Excel spreadsheet for him?  How about sitting for his exam as well.  Maybe you could even feed him so he doesn’t have to overwork himself.  Apparently you don’t have much experience in academia otherwise you would never encourage this type of behavior.  It’s one thing to answer a question for someone in search of help at work.  It’s another to provide homework answers to a lazy student.  He/she could easily have computed the answer through personal research and a little study.  But, why bother when he/she can get someone else to do their work for them.  Oh, this younger generation!!!!!  Sorry, a little pet peeve of mine.  You are an OK guy and I respect your posts but I really dislike students who take the shortcut.  Kind of defeats the whole purpose of the educational system.  Let’s try to get people to think for themselves.

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    #124384

    BTDT
    Participant

    Darth:Nah, not doing the spreadsheet.This was a blast from the past teaching intro to Finmath for me. I thought about replying to his question and thought about leaving off the answer.From his subsequent questions, I don’t think there is any danger about him passing the course, if there is even one. The section on TVM of any Finmath text will have all the resources he needs. He either doesn’t have a text or calculator or doesn’t know how to use either.Just my 0.02 worth, compounded monthly.P.S. – the question was a welcome change from what I was really SUPPOSED to be doing at the time. You caught me out.Cheers, BTDT

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    #124480

    gags
    Participant

    You know what darth, atleast start repecting others. Understand that one either don’t have the resources or knowledge that is why the post the questions on disc. boards. If I knew what needs to be done or where to find answer I wouldn’t have posted the question on the 1st place. I guess the purpose of these discussion board is to help people share knowledge and get advice to querries when they get stuck somewhere. Thanks a ton BTDT.
    Regards,
    Gags
     PS: DARTH Another thing don’t post your advice untill it is asked for any of my questions. I don’t know what is your problem or reason of your frustation but it doesn’t give you any right to disrespect someone not at par with you. Remember you learnt from someone else as well.

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    #124484

    Ken Feldman
    Participant

    Hey Gags, you might get a little respect if you use a spell checker once in a while.  My frustration is for lazy people who post questions rather than try to find the answer on their own.  If that fails, then this Forum is the next step.  But being a lazy student who posts his/her homework for others to do does not deserve respect and that’s why you don’t get any.

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    #124489

    gags
    Participant

    Thanks for your help BTDT, can you suggest me any ref site I am new to TVM. And also guide me how to identify diff. components for TVM calc. I really appreciate the help provided by you.
    Regards,
    Gags

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    #124490

    gags
    Participant

    I respect your point of view but at the same time assuming that one has not tried finding the solution is not something you should do. I apologize if I was rude.
    Regards,
    Gags
     

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    #124493

    gags
    Participant

    I respect your point of view but at the same time assuming that one has not tried finding the solution is not something you should do. I apologize if I was rude.
    Regards,
    Gags
     

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    #124496

    Dayton
    Member

    Hey Gags.  Don’t get all whiny and apologize.   Stand your ground.   If you don’t want to do your own homework you don’t have to and it’s no ones business but yours.    If you can ask others anonymously to do your homework for you and they do it, cool.  
     
    Darth just has that picayune “I’m a ‘Doctor’ and I had to work real hard for it!!!” large state school getting by on grants and PhD grad student stipends attitude while I went to large well funded tier one research schools and could afford to pay others to do my homework for me – gives you an entirely different set of compensating values.  
     
    Go for it Gags, even if it’s those other “scholars” doing the gagging.   
     Vinny

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    #124503

    Ken Feldman
    Participant

    Vinny,
    First of all it was a large private university not a public one and it had a mediocre reputation as a research institution.  But the babes were hot and the football team is a perennial winner.  Secondly, I had full waiver of tuition and books because they were so grateful to have me.  Third, in addition to the waiver, they actually paid me as an adjunct professor to teach undergrad, grad and executive business classes.  Also keep in mind that these were the days before widespread internet research capabilities and many hours were spent in the dusty environment of the blue building where they keep books.  For you youngsters out there, that building is referred to as the Library.

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    #124515

    Dayton
    Member

    Darth,
     
    You had hot babes and a football team?   We only had a humongous library, a lot of labs and a bunch of very strange grad students.  
     
    They let you teach?    Man….. I was given a whopper of a stipend but was forced to do indentured labor under a truly mad (as in demented not angry, I’d have been pleased if he was only angry – he was statistically significantly egotistically deranged) scientist and not really allowed to teach per se. 
     
    But I got to lead a few completely uncontrolled, non-contributory and chaotic seminars on chaos/complexity theory.   Even got to start a fight (and I think it really was a fight but no one had ever really been in one before so we weren’t sure) with the Stanford weenies on interdisciplinary approaches using operations research to determine the true meaning of life, basically anyway.  
     Those were the days…..Vinny

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    #124517

    Markert
    Participant

    Vinny;
    I’ll bet that was some fight. Weenie versus Weenie. Ween-mano a Ween-mano. Pocket protectors and slide rules and scientific calculators and lab notes litering the floor. Broken glass from test tubes and their contents all over the room. Colorful Grateful Dead T-Shirts made even more colorful with the practical joke of using the old chalk eraser technique of depositing the chalk mark on the back of the unsuspecting victim.
    While nary a punch was thrown, each participant needed to go to the medical center for white medical band-aid adhesive tape to repair their glasses which were broken in the excitement mostly running away and ducking under the lab tables. Should have worn your protective lab eyegear; but I’ll bet it was this experience with adhesive tape that started your interest in the potential of a career with GiantMedicalProducts Company.
    It was here, at that moment, the legend of Vinny the scientist was born….

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    #124520

    Ken Feldman
    Participant

    Fortunately, my archivist was able to dredge up a photo of that infamous fight between Vinny and the Weeie.  Locally it was known as the Big Battle By the Bay.  As you can see, Vinnie whooped his butt.

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    #124522

    Mikel
    Member

    Not only is your football team perpetual winners they are also perpetual criminals. And by the way, when you went there, they lost to the likes of U. of Tampa. Yikes! Who could be proud of that?
    I agree about the babes, nothing quite like hot weather and scantily clad coeds.

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    #124524

    Ken Feldman
    Participant

    WARNING:  THIS IS A TRIVIAL POST FOR ENTERTAINMENT ONLY.  DON’T READ IT AND THEN COMPLAIN LATER.  YOU HAVE BEEN WARNED.
    Fortunately, my archivist was able to retrieve a series of Vinny pics from early childhood to the present.  That will be the subject of my next three posts.  Note the recurring theme.
    As a baby:

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    #124525

    Thantos
    Member

    Darth sounds like such a jerk…

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    #124526

    BTDT
    Participant

    Gags:Get a book on Basic Fiancial Mathematics. Try to stay away from all the books talking about options and derivatives. A basic financial calculator will also be useful. I usually ask students to get the Texas Instruments BA-IIPlus. It is a fairly good price and has built in functions for doing TVM.This book is designed around the HP-12C financial calulator. http://www.amazon.com/exec/obidos/tg/detail/-/1891112589/104-1636995-0367957?v=glanceThis is not a bad book and includes some statistics with lots of examples worked out for you. http://www.rskey.org/gene/hpgene/book.htmlCheers, BTDT

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    #124527

    Mikel
    Member

    BTW, this is not a six sigma question – it is Econ 101 or Engineeriing Economics 101.
    You need to go to the iBasicEconomics web site.

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    #124529

    Mikel
    Member

    And Thantos sounds like an idiot.
    What is your point?

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    #124530

    Ken Feldman
    Participant

    Early childhood

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    #124531

    Ken Feldman
    Participant

    In Grad School

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    #124532

    Ken Feldman
    Participant

    This is Vinny today with the lovely Mrs. Dr. Vinny.

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    #124537

    Mikel
    Member

    I want to formally apologize to all forum participants for being part of the group that taught Darth to insert pictures into posts.

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    #124539

    Dayton
    Member

    Wow,…. between you and Phil, it was almost like you were there.   
     
    I’d only add to Phil’s commentary the distraction caused by the Stanford Campus Police and Advanced Security Department rushing into the fray before they really knew what was going on and upon getting a good read as to the horrendous level of academic violence being promulgated by slide rule and H-P Scientific Calculator (using deadly reverse Polish notation) wielding grad students were thrown into fits and gales of convulsing laughter and began spraying themselves and the rowdy students with all sorts of State of California Code Mandated biodegradable crowd control chemicals.  
     
    Unfortunately the picture was only a posed commemorative picture taken by the still laughing Campus Police with me and then sequentially each one of the pseudo-combatants in a round robin rotation alternating between Stanford and UC-B students as we stood in victorious pose above a still prone Campus Police Sergeant not yet having fully re-gained his composure.   I believe the picture album was subsequently scanned into a PowerPoint presentation and used for Cadet training. 
     
    But Phil was again correct – that’s how the legend of the brawling Operations Researchers was born.   New researchers still pay homage to the vets of old, and periodically when fits of pique reach uncontrollable levels between the Operations Researchers of both schools due to something like an unwarranted and egregious journal article peer review critique the lab rats get together for a reenactment of the almost 1.5 decade old slap fight and calculator stomp.  
     
    Now those were tough schools.
     Vinny

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    #124540

    Dayton
    Member

    And the nasty brawl even spilled over into the Stanford parking lot.   Here’s a picture of it at its height of hostility.   You can see Melon Head Marge on the left going for her back-up calculator.   She was the tough one. 
    Vinny
     

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    #124546

    Markert
    Participant

    Funny, that looks like my lovely wife Maggie who happens to be a graduate of a fine California university. She also has a ghastly scar on her large melon-like head that she told me she recieved in a accident in a parking lot while in grad school. I just naturally assumed she was trying to run over the pigeons and lost control of her Yugo and hit a light pole.
    You’re right, she is a tough one. Claims to have wrestled a bear named Melinda once and won. And she has big feet too.
    I’ll tell her you said hello.

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    #124553

    Dayton
    Member

    Ah, yes, Sweet Melon Head Maggie.  I don’t even remember why we called her that.   But what an Operations Researcher – she could do things with a Markov Analysis that would leave the study group in awe.  
     
    Please give her my best wishes and let’s plan for a real Stanford haranguing at the upcoming UC-B 20-year.  
     
    We could charter a bus and drive around their campus singing belittling Operations Research chants and littering their campus with all sorts of old Microsoft Project 3 ½ inch floppy discs and Lotus 123 spreadsheets from the archives.   It will be great fun.  
     
    Vinny

     

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    #124556

    Dayton
    Member

    I can’t help but noticing once again how slimming tie-dye can be.  Your researcher did well selecting the photo, the lovely Mrs. Dr. Vinny looks especially fetching in her garb – trim and attractive yet with a nice jaunty windblown and carefree tilt.   She’s a real factor of 10.
     Vinny

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    #124568

    Markert
    Participant

    How did you get images of Maggie while greeting our guests at our wedding buffet table? Unless you were in attendance as a guest…
    Hummmmm….Are you the guy who stood up at our wedding to toast the many dead mathematicans and statisticians in history and their accomplishments and didn’t mention the bride and groom?
    Now it makes sense…It’s all coming together. Maggie always talks about you. How you used to have to bring cat treats to the study group in order to keep Muffin from running around the room and scaring Ravi, who was deathly afraid of cats because he once saw one in a dream. How you guys would leave the cat treats out on the table and every once in a while that blind kid from Kansas would happen to pick up a treat instead of his pork rind and eat it..and you guys would have to act like nothing ever happened. How you both once got Melinda drunk and took her to a local bar where she danced on the bar to the Pointer’s Sisters “I’m So Excited” and a couple of guys put dollar bills in her fur.
    She’s got a million stories about you. How’s the hair plugs coming along?
    But….here’s a photo of me at the next table at the wedding buffet table.
    Say cheeze……although no cheeze was involved.

     We’ll have to get together soon.

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    #124569

    Vinay
    Member

    Hi Vinny,
    You have very rightly said regarding it…….
    Vinny Iam very much passionate about the Sixsigma analysis when today I was surfing the web I saw your mails flying over, I hope that you will be having a brief idea about the projects and analysis, Iam still in the beginers stage so plz feel free to help me if you have any idea about it….to My ID.
     
    Regards,
    Vinay Kumar 

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    #124570

    Dayton
    Member

    Vinay,
     
    You have a very phonetically appealing first name, but I do not understand what you are asking me.   Please keep in mind that I am originally from the great state of Texas and English is not my native tongue.
     Vinny

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