Got a $7500 Budget Build me a PC! - Page 11 - Overclock.net

ericeod · 09-08-08

Quote:

Originally Posted by kennymester

Should be money times 1.0x, x being percent, right?

should be: Present Value x ( 1+ interest rate)n, where n is the period.

Quote:

Originally Posted by Sam1990

Not sure. I used an online calculator for $2,000 deposit, 4.86% interest, monthly compound for 5 years and it came out to like $2,553. I'm not 100% positive this calculator is accurate, but if it is then your numbers are way off.

If your calculations are correct though.. then I'll be heading over to the bank tomorrow to get myself a CD, lol.

Yeah:

PV= $2,000
N= 5
IR/Y= 4.86
PMT= 0 (since there is no additional payment being made each pay period)
therefore FV= $2,535.59

PV( 1+ I)n (n is superscript)
$2,000 (1.0486)5 (again, superscript 5)= $2,535.59

killnine · 09-08-08

Quote:

Originally Posted by kennymester

Should be money times 1.0x, x being percent, right?

Quick google

(http://www.math.com/students/calcula...e/compound.htm)

1 : 7805.56
2 : 8123.57
3 : 8454.53
4 : 8798.99
5 : 9157.47

7500 principle. 4% compounded monthly. No money added after first month

I thought 79000 in 5 years sounded retardedly huge. I invest when I can (for a college student) and I know that can't be right. CDs are VERY conservative investments and rarely yield a high return. TBH, 4.0% is pretty crappy. While he is young, he might as well live on the wild side and invest in some mutual funds or *gasp* the stock market himself.

That is, if he doesn't blow it 2 280GTXs and an uber-rig. =P

Bunnywinkles · 09-08-08

Quote:

Originally Posted by killnine

Quick google

(http://www.math.com/students/calcula...e/compound.htm)

1 : 7805.56
2 : 8123.57
3 : 8454.53
4 : 8798.99
5 : 9157.47

7500 principle. 4% compounded monthly. No money added after first month

I thought 79000 in 5 years sounded retardedly huge. I invest when I can (for a college student) and I know that can't be right. CDs are VERY conservative investments and rarely yield a high return. TBH, 4.0% is pretty crappy. While he is young, he might as well live on the wild side and invest in some mutual funds or *gasp* the stock market himself.

That is, if he doesn't blow it 2 280GTXs and an uber-rig. =P

tell me more about these "mutual funds" they sound better then cds lol. also is it a bad idea to buy nvidia stock now... i mean the price will go up whenever they switch places with ati right? then sell the nvidia and buy ati, does that sound like a good idea?

kurei · 09-08-08

Polite Request: This is going off topic... Can we please move this to "off topic" in a new thread..?... Thank you.

pewpewlazer · 09-08-08

I'm sorry but you don't drive a GT500KR that your parents paid for. If mommy and daddy can buy and insure an 80,000 dollar car for you, you wouldn't be running AMD.