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volunteer
OK, and I wrote it wrong too. So we're finished with assets.
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student
I did the rest
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student
besides the credit card and charge acct
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volunteer
Looks like the connection is spotty.
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volunteer
So you filled in the other pages?
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student
yes
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volunteer
What course is this for?
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student
personal finance
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student
i started this one
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student
i cant fill in the blank ones
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volunteer
No, some categories will be blank.
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volunteer
But the total expenses should add up to the total in the list.
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student
oh okay
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student
and idk what to put for the saving amounts
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volunteer
What would you say for "Regular savings" - would you put it under Financial goal savings or Other savings? Probably either would be OK
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student
other
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volunteer
OK
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volunteer
Any more questions?
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student
yes im still stuck on it
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volunteer
On what?
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student
other savings
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volunteer
Can't you just take the $175 regular savings and put it there?
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student
no
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student
it says incorrect
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volunteer
Then put it into financial goal savings
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student
i did
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volunteer
Does it show you what part is incorrect or could it be anything on this page?
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student
its the other savings part
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student
its 20 for emergency
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student
175 for finanical
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volunteer
Maybe they want you to use up the whole "surplus" amount.
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volunteer
Because if she has a surplus balance every month, it has to go somewhere.
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student
nope
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volunteer
So you tried putting 750 - 195 = 555?
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student
nope
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student
its ok its fine
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volunteer
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student
i just need help wth thoses to wrong answers
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student
i got the first one right
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student
i just need help with emergency fund
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student
actual i got that right
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volunteer
Why did you change it?
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volunteer
OK, you got it all right now?
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student
idk i over looked it
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student
yes
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student
last question is this one
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volunteer
OK, let me know what you have trouble answering
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student
is the current $15000?
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volunteer
But I think you might need to multiply by 4 for the years.
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volunteer
It's not clear from the calculator.
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student
61,200.00 would be the inflation cost?
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volunteer
Well, without inflation it would be 4 x 15K = 60,000, so I think it has to be more after inflation for 18 years
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student
so it would be 60,000 x 18
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student
im confused
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volunteer
Not at all. The current cost would be 60,000 so put that into the top line. Then it should show you the projected future cost.
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student
i did
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volunteer
What does it show ?
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student
nothing for projected future cost.
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volunteer
So you're supposed to calculate it yourself, you can enter a number there?
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student
yes
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volunteer
Have you learned about compound interest?
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student
no
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volunteer
I don't know how they expect you do to this if you haven't learned that, though.
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volunteer
Each year inflation is 2% which means the cost goes up by 2%. So in 18 years the cost will have gone up by 1.02^18
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volunteer
1.02 multiplied by itself 18 times.
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student
21.6
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volunteer
So on the calculator you can type 1.02^18 x 60000
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student
1,296,000
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volunteer
You may have used 1.2 instead of 1.02
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student
1,101,600
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volunteer
what do you get for 1.02^18?
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student
18.36
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volunteer
Are you using the power key like xʸ It is not multiplication.
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student
1.1.428
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volunteer
That's right. That's how much the cost will grow from $1 in 18 years, what's $1 now will cost $1.43.
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volunteer
Multiply that by 60,000
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volunteer
That's actually a simplification because the cost over 4 years will be a bit more each year. But hopefully they'll take that.
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student
85,800
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volunteer
I get 85,695 but maybe you rounded before finishing.
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student
yeah
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volunteer
The rest involves financial formulas I don't know. I'd use an online calculator, because you have to figure out how much to save every year, at an interest rate of 10%, to yield 85,695 at the end of 18 years.
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volunteer
It should be in the material you covered.
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student
this class is not teach by a teacher
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volunteer
I guess we need a business and finance section since it's not really part of algebra.
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student
yesss
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student
that would be great
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volunteer
If you're self learning, then you have to be able to find the material yourself, which can be harder. But surely it's in the course you're taking.
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volunteer
You can also ask any AI agent not for the answer but to explain how to work it out.
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volunteer
We even have one here, the little green space man
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volunteer
You can see that ours is rather limited.
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student
Thats good to know
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volunteer
BUt is would be a snap in Gemini for example.
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student
oh ok
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volunteer
OK, I've got to go as it's 8:00 but good luck.
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student
thank you
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volunteer
hi Lily
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[ { "pii_type": "PERSON", "surrogate": "Lily", "start": 3, "end": 7 } ]
student
Hello
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volunteer
how can I help you
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student
Um
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student
do you think you can explain to me what is like an irrational number. It's like rationals and irrational.
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