Find the future value using the effective interest rate | FE Exam Review

[@Genieprep]

What's the next problem you want me to cover in engineering economic section, let me know in the comment below! 👇

[@GurdeepSingh-gx7xw]

Thank you for all your help, I passed my exam. Best of luck everyone.

[@Genieprep]

That's great news! Thank you for sharing it with us and congratulations! We are so proud of you, you did it! We are so happy for you🎉

[@thomassbahtu1503]

Great question! It touch many concepts

[@Genieprep]

Thanks for watching, Thomas. We're glad you found it useful. ☺

[@mrg2155]

Ok I’ve been watching your Statics videos this week and you explain everything in such a simple way I understand what I’ve been missing now. You’re going to get me through my final tomorrow, thank you so much for your hard work, your presentation is immaculate!! 🙏🙌

[@Genieprep]

Hi thank you for your kind words, I appreciate it. I hope you do well on your finals tomorrow! You got this!!!

[@koashaygyi]

I just wanted to let you know that I pass the FE exam (Mechanical). Thank you so much. Your lectures helped me a lot. I got the result today. Thank you.

[@Genieprep]

Hi. This is such great news! Thank you so much for sharing it with us and for your kind words. You deserve this after all the hard work and long study hours. We are so glad to be part of your journey. Congratulations on this great achievement one more time. 😁🎉🎉🎊

[@oleopathic]

For next problem please cover an economic choice provlem between 2 alternatives. Using EUAC or PV method.

[@AngelHernandez-np5tz]

Question. Shoudn’t m be 12 as it is compounded monthly?

[@oleopathic]

Ncees pe hb 1.1, p. 37, 38, 41. Thank you. I like these random videos for my PE study. I have a plan and materials which I use. When a random video like this pops up I treat it as a pop-quiz (surprise) regardless of the topic I study at the moment. The idea is: if I do well on pop-quiz I should know the material especially since the problem comes out of nowhere and I am expected to solve it "on the spot" with what knowledge and refs I have. I've solved dozens econ problems from FE and PE camps. So here are my ideas: . Why can't we convert all variables to annual basis, instead ? Solve as an annual problem. . Why can't we convert all variables to mouthy basis, instead ? Solve as a monthly problem. . The effective interest eqn is represented in PE reg as well but I find it much quicker to just 6%/4 = 1.5%. And then go to tables with the 1.5%. Where might this not work ? . Never interpolate despite it being the correct action to take, mathematically, as this step is long and prone to human error. Find other ways. You must be quick !

[@mattlazarski3278]

The handbook states that m is number of compounding periods per year, and I can't find anything else in the handbook stating that the value of m is per compounding period. Could you explain where this came from?

[@Jason-cp6mn]

m should be 4

[@aparnabm3487]

A series of equal quarterly receipts of $500 extends over a period of 5 years. What is the present worth of this quarterly payment series at 8% interest compounded continuously? Ie = 2.02 % and P = $ 8154.96 How ?? Ie = e^r/k -1 is used. Why ??