Man I always learn from you're videos. It always works. I could've gotten a better grade, but because of you're video I got a B for calculus and now I'm sure you're video will help me to get a good grade for financial management this semester. Thanks alot man
Thank you so much! I was having difficulties understanding how to use the formula. After watching your video I understand it so easily. God bless you. Please upload more video on Intermediate Accounting.Thanks again....
Really appreciate this overview of the formula, you kept it straight to the point. Math is not my strong point however, your video was easy for me to comprehend. Thanks again ;)
@H2oFormula practice, practice, practice. i do not think there are any magical shortcuts. i worked my butt off, people seem to think i was just ' naturally ' good. mostly, i was just thoughtful.
Great Video, I have question on the interest divided by frequency of compound, eg. monthly, quarterly or even daily. Usually banks' offer has a little bit difference on the future value. They use 360 or 365 a year and 30 or 31 days per month in the calculation.
hey Patrick U are really close like you said but according to my financial calculator you are of by a little more than a few pennies. the actual amount to be paid monthly for 20 yrs in order to accumulate $30,000 @ .04 is $1007.45. Of course calculators use all the decimals and are better at doing repetitive tasks. U did a good job of instructing ppl on utilizing this formula and gave them a great tool though.
Hey patrick, I am 12 and I love to do Math tricks but I was never really good at it. Sometimes I forget during a problem, sometimes I skip a problem on accident, Patrick any suggestions on Math? What I should do? Any tips??! Please answer ty.
Can you give me of a real life example word problem between Annuity Due Vs Annuity? The formula is diffrent but when I read some problems, I cant decided between Annuity Due or Aunnity whether which formula to use.
Consider an annuity of payments of £1000 at the end of every second year What is the present value of this annuity if it runs for ten years and the interest rate is 7%? SIR PLX TELL ME WHICH ANNUITY IS THIS
+D Wetick That's the catch! Annuities simply give you back your original principal. APR is not the same as ROI (return on investment). With immediate annuities your actual return on investment will wind up being somewhere between zero and 3% in a very best case scenario.
Hi, if you love to do Math and be good at it, dont go for tricks right away. Try to do from the first principles ( I mean start from the scratch concept wise). Then you will find out tricks by yourself. What Patrick replied to you is right. Since you are only 12, start from now itself. You would be really good at Math and u can play with it when u grow older buddy.
@patrickJMT haha, hopefully one day I can be a human calculator too :D. Just a quick question though, do you enjoy maths in general or do you enjoy TEACHING maths?
I have been having some trouble with this. Could you help? My friend intends to retire in 20 years. She considers the following savings programs: [1] Making deposit of $300 at the end of the month for 15 years and leave the account untouched for 5 years in an account that earns 6% compounded monthly. [2] Making deposit of $200 at the end of the month for the first 15 years and increases to $300 a month for the last 5 years into a retirement account that pays 6% compounded monthly. a) Which program gives her more money when she retires? b) What is the total amount of interest earned from savings in each program. I would be very grateful if you could make a video for this. Thanks in advance. Arnie from Bangkok.
EXAM ON THIS THURSDAY-- i like the video but if the fv is given here in this case which is 30000 ,,, and i is 4 % and time is 20 ,, cant we use the formula of annuity due when fv is known which is fv/((1+0.04)raise to 20-1/0.04) as that is the real formula and i get 1007 by this plese help
You would not adjust by multiplying (1 +r) at the end. This adds one additional compound period that is not there when payment happens at end of period.
You explain things clearer 10x faster than my teacher ! :D thanks.
Man I always learn from you're videos. It always works.
I could've gotten a better grade, but because of you're video I got a B for calculus and now I'm sure you're video will help me to get a good grade for financial management this semester. Thanks alot man
Thank you so much! I was having difficulties understanding how to use the formula. After watching your video I understand it so easily. God bless you. Please upload more video on Intermediate Accounting.Thanks again....
You are very clear at explaining! Thank you!
Can you do a video on calculating the number of payments it would take to pay off a credit card debt?
thanks for the explanation. It looks so simple after just watching it once. Looking forward to seeing more great stuff.
Really appreciate this overview of the formula, you kept it straight to the point. Math is not my strong point however, your video was easy for me to comprehend.
Thanks again ;)
the most loved person before exams )) thank you !
You have explained it so well... Thank you.
you're better at explaining this stuff than my textbook bo so much.
@pon00050 you read, you study, you practice. what else can one do?
@H2oFormula practice, practice, practice. i do not think there are any magical shortcuts. i worked my butt off, people seem to think i was just ' naturally ' good. mostly, i was just thoughtful.
thank you Patrick.it is very helpful. all the best to you.
Great video! Thanks for the step by step approach!!
Been watching your videos since I was in high school. Now I'm about to take my masters degree and still wound up back here
Great Video, I have question on the interest divided by frequency of compound, eg. monthly, quarterly or even daily. Usually banks' offer has a little bit difference on the future value. They use 360 or 365 a year and 30 or 31 days per month in the calculation.
Thanks, You make thinks appears to be more simple and systematic!
Very proactive, thank for clear explanation
hey Patrick U are really close like you said but according to my financial calculator you are of by a little more than a few pennies. the actual amount to be paid monthly for 20 yrs in order to accumulate $30,000 @ .04 is $1007.45. Of course calculators use all the decimals and are better at doing repetitive tasks. U did a good job of instructing ppl on utilizing this formula and gave them a great tool though.
How does one learn a math concept?
How does one solidify the concept?
I hope you answer the questions.
Hi, i have a question !! There is no multiplication of (1+i) at the end of my formula ?? can you explain ?? Tks
Great Video, it was very helpful, thank you for posting it
Hey patrick, I am 12 and I love to do Math tricks but I was never really good at it. Sometimes I forget during a problem, sometimes I skip a problem on accident, Patrick any suggestions on Math? What I should do? Any tips??! Please answer ty.
Can you give me of a real life example word problem between Annuity Due Vs Annuity? The formula is diffrent but when I read some problems, I cant decided between Annuity Due or Aunnity whether which formula to use.
Excellent Presenting skills
Thanks for keeping it simple.
Consider an annuity of payments of £1000 at the end of every second year
What is the present value of this annuity if it runs for ten years and the
interest rate is 7%?
SIR PLX TELL ME WHICH ANNUITY IS THIS
How much of this value would be from interest? I can figure out contributions and annuity due but to figure out the interest confuses me.
@pon00050 uhhhh, seriously? what do you think it might mean, and i will tell you if that sounds correct or not.
@Frinart i am a human calculator
i have understood very well, thank you
thanks! this helped me out a lot!
When you die, does whats left in the annuity go to your heirs...or to the financial institution? This point is never discussed...why?
i am not sure if you are serious or just trolling
+D Wetick That's the catch! Annuities simply give you back your original principal. APR is not the same as ROI (return on investment). With immediate annuities your actual return on investment will wind up being somewhere between zero and 3% in a very best case scenario.
I think he's serious.
Thank you for your videos :D
Hi, if you love to do Math and be good at it, dont go for tricks right away. Try to do from the first principles ( I mean start from the scratch concept wise). Then you will find out tricks by yourself. What Patrick replied to you is right. Since you are only 12, start from now itself. You would be really good at Math and u can play with it when u grow older buddy.
@patrickJMT haha, hopefully one day I can be a human calculator too :D. Just a quick question though, do you enjoy maths in general or do you enjoy TEACHING maths?
Can I request for a tutorial about perpetuity? Thank you Patrick :)
what if you make a payment at the beginning of every month?
can you please do a video on a sinking fund?
I have been having some trouble with this. Could you help?
My friend intends to retire in 20 years. She considers the following savings programs:
[1] Making deposit of $300 at the end of the month for 15 years and leave the account untouched for 5 years in an account that earns 6% compounded monthly.
[2] Making deposit of $200 at the end of the month for the first 15 years and increases to $300 a month for the last 5 years into a retirement account that pays 6% compounded monthly.
a) Which program gives her more money when she retires?
b) What is the total amount of interest earned from savings in each program.
I would be very grateful if you could make a video for this. Thanks in advance.
Arnie from Bangkok.
partrickJMT what is a good source for practice questions?
Thank you
Thank you so much
EXAM ON THIS THURSDAY-- i like the video but if the fv is given here in this case which is 30000 ,,, and i is 4 % and time is 20 ,, cant we use the formula of annuity due when fv is known
which is fv/((1+0.04)raise to 20-1/0.04) as that is the real formula and i get 1007 by this plese help
why is he using (1+i) at the end of the formula? Other sources do not use this...
Still great video :)
cause payment happens at beginning of period versus the end
+Tyler Hopfner what would be if payment happens at the end?
You would not adjust by multiplying (1 +r) at the end. This adds one additional compound period that is not there when payment happens at end of period.
Thanks
You make it seem like math is easy T.T wish i was as good at explaining
Honestly I didn't understand 4th step in which you explained 30000/30.969198=c[30.969198]/30.969198 ???
Actually he divided both side by same amount
How can you solve for i???
beautifully explain .... only poor audio...but not problem ... best of luck
@muffinmonster15 : )
amzing
@patrickJMT
Define, if you would, study.
I love you.
i'm a math guy....that reminded me of breaking bad
1.04of power 20 calculating is wrong
YES. I'm confused.
random comment, but for a moment I thought the title had 'Deus Ex' in it :L
my professor doesnt teach us well you teach better than him haha thank you
wow, talk about doing maths fast. 1.04 ^20 in about 5 seconds.....did you by any chance actually do that in your head ;)
your calculation is wrong
(1+0.04)^20 = 2.191123 that's why the result is wrong
He already minus the 1 on the right
+Ancey Cheng
i didnt see that
this helped me a lot! thanks!