₦airaland Forum

sunkoye:
Aisha no get tym o

Emekasmart:
Sorry i got mine as a naija used,so therefore the previous owner has already done d needful b4 i bought it. Got no ideas,may be u shuld ask siena or Gazzuzz.

Emekasmart:
Sorry i got mine as a naija used,so therefore the previous owner has already done d needful b4 i bought it. Got no ideas,may be u shuld ask siena or Gazzuzz.

Emekasmart:
Thank u everyone for ur advices and directions..

walexy30:
I was banned for 24hrs by NL Antispam BOT. Whatever that means. Let me thank Mr. C.A Jegede of LASU (Banking & Finance Dept.) for his educative textbook titled 'Fundamentals of Investment Decisions'. Greetings to all LASU Banking & Finance Dept. (School of Part time Studies Degree Ojo) 2006/2007 set.

Solution: The formula is Annuity Cash flow formula FV annuity= CF(1+i)^n -1 (division)
. i
CF= Cash flow
n= number of times deposit was made
i= interest rate

From the Question,
CF = 2,000

n= 20 years x 12 months=240 times

i = 12%/12 months to get the monthly interest as 1%
or 0.01

Let's input these in the formula above

. 2,000. {1+0.01}^240. - 1. (division)
. 0.01

. (1.01]^240) -1. (division)
. 0.01

. 10.89255-1. (division)
. 0.01

. 9.89255. (division)
. 0.01

. 989.255

. Now, multiply it by the CF of 2,000

2,000 x 989.255

N1,978,510 Approx.

So, After 20 years, I will receive the above sum. This can be applied in real life as you can plan the financial future of your child. Thank you all for making the thread a huge success.

otiigba1:
Rubbish! is this all you have, FYI, some people wear leather jackets during winter extreme my friend! Depending on their body temperature okay, looking it up on Google won't make any different, no need to argue with me.

I AM NOT JUST MR EUROPE, I WAS BORN IN THE UK AND THANKS FOR THE COMPLIMENT

otiigba1:
what is leather jacket for then? If you live in africa? What would you know about winter or what to wear in the winter

otiigba1:
Can some one tell him to remove his sun glasses there no sunshine inside the mall, what is it with this so called nigerian celebrity with sun glasses indoors?

And why the winter jacket? It's summer time in europe, can he not copy from the white people in the mall? Since they are very good in copying. They are not having winter clothing on

UjSizzle:
Bad belle people everywhere!
The gown isn't that bad btw. She's leaning forward so it's expected that any cleavage revealing gown will show my cleavage.

Cutehector:
its shameful to lustfully look at a woman. Sirach 41:19-22 nw fvck off frm my mentions

Kennedyiheme:
the question said 12percent interest on the money at the end of 20yrs simple, calculatin interest frm yr1-19 will give u wrong figures,.....he is so correct

mozeybee:
Hun. Thank you sir/ma. This is a really detailed solution.

GentleToks:
Sir, the man saves #2000 every month for 20 yrs with 12% interest rate per annum.

#2000 × 12=24,000
Calculate your interest on 24,000 and that would give you #2880

2nd yr saving is #48,000 with 12% annual rate and that would equally 2880 ×2=#5670

3rd................All the way to the last year which is 20 yrs.


All his interest for 20yrs comes to a total sum of #57,600

All his saving for 20yrs comes to a total sum of #480,000

#480,000(20yrs accumulated savings) + #57,600( 20yrs total accumulated interest) = 537,600.

Cutehector:
Lord knws my bride can't wear such gown...

sunerytech:
On your wedding day fa, No bra and you left everything open. For who? did you want to confuse the attendees or how on earth did she want the pastor to focus on the bible passage for the wedding ceremony?

http://9jainfonews..in/2015/08/pictures-how-can-she-put-on-this-on-her.html

adora4u1:
That's the total value for 20 years, deposit plus interest. He only deposited 24,000 in the first year and nothing more. We are calculating the interest based on that. It's not that he deposits 24,000 every year.

stlaibrowne:
I don't agree with the calculations above and I strongly believe the op doesn't know the answer to the question he asked I was an engineering student not accounting nor commerce but yet I believe the formula used is not appropriate.
Reason : you have to acknowledge that the investor still contribute 2000 from his salary every year till the 20th year which means the interests and principals will vary every year as the year rises so it's not possible to use a constant value for the accurate return on investment.
I have done my calculations and the answer is
#161, 397.47086406. Final answer

adora4u1:
I already made it! Check above you!
231,510.272 more or less!

xblx:
You are close except that you calculated for 239months. I got N2,000,295.84

By just creating an excel sheet, starting with N2000 in cell A1 and inputing '=2000 + (A1+(1%*A1))' for 240cells

seighapaul:
My Compound Calculation

Y01: 24,000 (12000 x 12) X 0.12 = 2880
Y02: 26,880 (24k + 2880) X 0.12 = 3225.6
Y03: 30,105.6 (26880 + 3225.6) X 0.12 = 3612.7
Y04: 33,718.3 (30105.6 + 3612.7) X 0.12 = 4046.2
...
...
...
...
Y18: 164,784.5 (147129 + 17655.5) X 0.12 = 19774.1
Y19: 184,558.6 (164784.5 + 19774.1) X 0.12 = 22147
Y20: 206,705.6 (184558.6 + 22147) End

Total Amount (Deposit + Interest) = N206,705.6

HOPE CBN HIRES ME
Whatsapp/Call 08028178405
seighapaul1@yahoo.co.uk

Jenny1010:
Men are known to possess high level of sexual urge, and can easily lose control of themselves and become irrational when sexually aroused especially when the opposite sex is on sight, they literally starts thinking with their joystick. Whatever you do, for your own safety stop offering your joystick to strangers ( prostitutes, one night stand, etc) for mouth-action. Stop risking your life for few minute ecstasy. Only enjoy mouth-action with your wife or girlfriend whom you have known for a longtime.

I heard a shocking story yesterday, although unverified, but I believe people should learn from this story. The victim, A final year student of one of the university in Nigeria, invited a girl he met on Facebook to come visit him. Around 1am in the night, the hostel mates were woken up by a loud scream protruding from the victims room. They rushed to find out what the problem was, but the door was locked. After several knock on the door without any responds, they decided to force the door open. When the door was forced open, they were meet with a shocking sight of the victim naked in pool of blood with his joystick almost detached from his groin. And in the other side few distance from the victim, is the girl naked and making a rhythmic movement of the arms and legs, which signifies she was having an epileptic seizure. She was giving the victim a mouth-action when the seizure started.

Seizure in Epilepsy patients is often triggered when the brain is in a state of high excitement or anxiety. The experience includes stiffen and tight clicking of the teeth for several seconds to a minute (imagine your joystick in her mouth at this moment) and then having an rhythmic movements of the arms and legs. Often the rhythmic movements slow before stopping. The return to consciousness is gradual and the person may be confused for quite some time --minutes to hours.

Have you ever consider if that stranger you are offering your joystick for a mouth-action is epileptic? Like HIV/AIDS , epilepsy is not written on the face . That handsome or beautiful face might be suffering from epilepsy.

Better be warned.

happykidArotiba:
Chill, actually sed dah coz he actually collapsed but he dint die..so dey used his death news to promote his new single...dahs y I made dah statement....