2 ms·
Quick check on the arithmetic? With continuous compounding, 1/2 = (1-2.6%)^n = 0.974^n n = log(1/2) / log(0.974) = 26.3 y Same answer on a Deci-Lon. With ann
by fieryskiff22 5y ago
Quick check on the arithmetic?
With continuous compounding,
1/2 = (1-2.6%)^n = 0.974^n
n = log(1/2) / log(0.974)
= 26.3 y
Same answer on a Deci-Lon.
With annual compounding, HP-12c gives 27y
- deleted 5y ago[deleted]
- zoshi 5y agoI said 50% not 100% :) At 2.5% in 16 years $100 is $148.45