Recent content by Aleckand9

Hi, I'm a bit confused regarding what steps to take to answer the following question: In 8 years, a new library is being opened. Expenses are estimated to be $52,000, payable at the end of each month. If all funds earn 14.4% compounded monthly, how much money needs to be invested today, to be...

Ah, alright. Thanks, just another question but how would I determine when the problem is END or BGN? I'm a bit confused about this concept.

Hi, I'm currently stuck on two questions and don't quite understand how I would solve them. We're using BA II Plus calculators. The first question is You purchase a 32,500 dollar ring by making a 30% down payment and financing the rest with monthly payments, at the end of the month over 3...