Thank Jebus I'm Not An Accounting Major.

"Dwhite - Powered by Caffeine, Daft Punk, and Corgis" (Dwhite95)
11/04/2014 at 20:41 • Filed to: None

Not awful, but there are four of these tables that I need to work from right now.

DISCUSSION (24)

Brian Silvestro > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 20:44

I am! It's so easy!

norskracer98-ExploringTheOutback > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 20:45

wut does that even mean...

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Brian Silvestro
11/04/2014 at 20:54

Good luck my friend.

I'm sticking to Finance and MIS

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > norskracer98-ExploringTheOutback
11/04/2014 at 20:56

Its dealing with value of money over a period on time on a loan where interest in compounded annually.

Yeah, its real fun.

Brian Silvestro > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 20:57

It's all the same shit, isn't it

Scary__goongala! > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 20:59

I have to deal with this same crap right now to. Thank god I am not in ACCT and that this is my last class for it.

TurboSloth > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 20:59

So in 30 time periods (I'm assuming that this is in years), at 15% interest, you're paying back 66.21 dollars for every dollar you borrow now?

Am I reading this right?

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Brian Silvestro
11/04/2014 at 20:59

Pretty much on the finance side. The MIS though is probably what I'm gonna leverage and focus a bit more on tech consulting and whatnot.

Chuck 2(O=[][]=O)2 > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:07

It's not hard. Present value, future value, with lump sum or installments.

Chuck 2(O=[][]=O)2 > Brian Silvestro
11/04/2014 at 21:08

ECON FTW!!!

Brian Silvestro > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:08

I'm just going into the field because I'm good at it (or so I think). It's not fun. MONEY FOR CARS

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > TurboSloth
11/04/2014 at 21:09

Consider the number that comes out as a multiplier. Periods is the amount of times where the interest rate is compounded, so if its compounded annually it would be 30 years, semi-annually would be 15 years etc. The last book problem I did said this, if you took out a $17,900, at 4% interest compounded annually, for 6 years. You would end up paying $4749 in interest. You get that by multiplying 1.26532 (n=6, interest=.04) by $17,900 than subtracting the principal of $17900.

It really is exciting stuff...

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Scary__goongala!
11/04/2014 at 21:09

Same boat as me buddy. Finance and MIS and this is just the first of two required accounting classes I need to take.

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Chuck 2(O=[][]=O)2
11/04/2014 at 21:10

Not hard, just tedious as hell.

Scary__goongala! > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:13

I am just a Marketing major, so my math load should drop quite a bit after this. I don't know what all the requirements are for my school's MIS program. Keep forgetting to look into it.

 V8 Rustler > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:13

Sorry, does not compute. Ż\_()_/Ż

norskracer98-ExploringTheOutback > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:14

Ah, OK. Sounds interesting... like what my mom does for a job..

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Scary__goongala!
11/04/2014 at 21:16

My school is one of the top 5 SAP schools in the country, so it seems like a pretty solid thing to leverage.

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > norskracer98-ExploringTheOutback
11/04/2014 at 21:21

I promise you, it isnt. Its just requirement of the business school core. Not a terrible skill to have though.

norskracer98-ExploringTheOutback > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 21:22

Oh, the interesting part is sarcasm. But yeah it's something good to know.

jvirgs drives a Subaru > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/04/2014 at 22:07

I hated using cengage for my classes in college. And I yet to do any PV or FV calculations at work

JDMatt > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/05/2014 at 03:13

dude, do you know how to use pivot tables? excel could condense big data like that down to a much smaller and more usable table in a split second

K-Roll-PorscheTamer > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/06/2014 at 18:14

I don't understand, any of this.

bob and john > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
11/07/2014 at 00:36

that actually a relatively simple chart....faaar from the worst.

to get the number, you take (1+percentage)^N

So for example, if i want to find out how much money I will have if I invest $2000 @4% for 12 periods I take 2000 x ((1+0.04)^12) = 2000 x (1.04^12) = 2000 (1.6010) = $3202.06

And no, I'm not an accountant. I'm in school to be a mechanical engineer.