P = G(P/G,i,n) equation finds the value of only the gradient, not the amount of money that the gradient was "built on" (i.e., the base amount) in period one. The base amount in period one must be handled separately as a uniform series cash flow. Thus, the general equation to find the present worth of a uniform gradient cash flow series is P = A(P/A,i,n) + G(P/G,i,n)
Kaushal Patel Glad my video was able to help you understand everything more clearly. I actually have an entire playlist dedicated to Probability and Statistics, that can be found here: ruclips.net/p/PLRW1FgIW06IqMcuiL-vo9irqBDnyCPDWO Make sure to subscribe so you are notified of my latest videos, and check out my site for all of the resources I have put together to help people conquer the FE Exam: www.engineerintrainingexam.com/ When do you plan on taking the exam?
Kaushal Patel Thanks Kaushal ,and I appreciate the support. What discipline are you studying for on the exam? Let me know if there are any additional topics, you would like to see videos on, or if I can help support you conquer the exam in any other way.
EngineerInTrainingExam.com I am studying for ME discipline and thank you for offering your help on other subjects. I will surely let you know as your videos are very helpful to understand basic concept behind difficult long theory mentioned in books.
Kaushal Patel Glad my videos are able to help you study more effectively. We try to make our videos geared towards what you will actually see on the exam, instead of long theory and formula derivations that professors and study books like to go over. My background is also in Mechanical Engineering, so I know how difficult the material can be on that exam. Make sure you reinforce Vector Mechanics, Statics and Dynamics, as these core skills are utilized throughout the exam. Let us know if you need anything,!
My one issue with this video is that your initial cost is the same as your increasing value. How would one do this problem if the machine initially cost $250.00 but increased at a rate of $50.00 per year? Would you still use 250 as P, would you use 50 as P or does this method not work under this scenario?
P = G(P/G,i,n) equation finds the value of only the gradient, not the amount of money that the gradient was "built on" (i.e., the base amount) in period one. The base amount in period one must be handled separately as a uniform series cash flow. Thus, the general equation to find the present worth of a uniform gradient cash flow series is P = A(P/A,i,n) + G(P/G,i,n)
Your videos are very helpful to understanding a basic concept. Please post similar videos for probability .
Kaushal Patel Glad my video was able to help you understand everything more clearly. I actually have an entire playlist dedicated to Probability and Statistics, that can be found here: ruclips.net/p/PLRW1FgIW06IqMcuiL-vo9irqBDnyCPDWO
Make sure to subscribe so you are notified of my latest videos, and check out my site for all of the resources I have put together to help people conquer the FE Exam: www.engineerintrainingexam.com/
When do you plan on taking the exam?
EngineerInTrainingExam.com Yes I did subscribe videos and sign up on your website. If dates are available for end of may I will go for it else july.
Kaushal Patel Thanks Kaushal ,and I appreciate the support. What discipline are you studying for on the exam? Let me know if there are any additional topics, you would like to see videos on, or if I can help support you conquer the exam in any other way.
EngineerInTrainingExam.com I am studying for ME discipline and thank you for offering your help on other subjects. I will surely let you know as your videos are very helpful to understand basic concept behind difficult long theory mentioned in books.
Kaushal Patel Glad my videos are able to help you study more effectively. We try to make our videos geared towards what you will actually see on the exam, instead of long theory and formula derivations that professors and study books like to go over. My background is also in Mechanical Engineering, so I know how difficult the material can be on that exam. Make sure you reinforce Vector Mechanics, Statics and Dynamics, as these core skills are utilized throughout the exam. Let us know if you need anything,!
Hey Halis, haha, I am happy you got to see the use of the tables...definitely can speed things up!
this time you used the table, much better.
thx
My one issue with this video is that your initial cost is the same as your increasing value. How would one do this problem if the machine initially cost $250.00 but increased at a rate of $50.00 per year? Would you still use 250 as P, would you use 50 as P or does this method not work under this scenario?
I believe you could consider this as an annuity of $200 and a gradient of $50, which you would convert separately to present value and then add.
is that a software that you are using?
what if the gradient is in percentage