or A=P(1+i)^n if you want a written formula.
A = Amount
P = Principal
i = Interest Rate (in decimal format)
n = No of Interest Periods (If Yearly, 1 per year, Monthly, 12 per year, etc..)
e = mc^2
OK, I getting confused!
What does "^" signify in these equations? It seems to metamorphose its function throughout this thread.
Doh!
next question rhenthe rule of 72 is good but it's just an approximation.
next question rhen
is there a difference between 2 and 2.0 (in your line of business)
(there is in mine)
So is there a difference between ^ and x in your business?next question rhen
is there a difference between 2 and 2.0 (in your line of business)
(there is in mine)
So is there a difference between ^ and x in your business?
(There is in mine)
Yer, butI'd be concerned if there wasn't a difference, in any situation.
In the bridge building game, it seems ^ = X1.02 ^ 36 = 2.0 (note 2 x 36 = 72)
1.03 ^ 24 = 2.0 (note 3 x 24 = 72)
1.04 ^ 18 = 2.0 (note 4 x 18 = 72)
1.06 ^ 12 = 2.0 (note 6 x 12 = 72)
1.08 ^ 9 = 2.0 (note 8 x 9 = 72)
1.09 ^ 8 = 2.0 (note 9 x 8 = 72)
1.12 ^ 6 = 2.0 (note 12 x 6 = 72)
I'd be concerned if there wasn't a difference, in any situation.
wayne said:So is there a difference between ^ and x in your business?
gee whiz wayne, I would have thought you'd double check before double posting.wayne said:In the bridge building game, it seems ^ = X
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