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#2 2013-02-20 14:25:21
- bobbym
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Re: Effective Annual Rate
Hi vatso;
Experimentally, take a nice round figure of money like 100 dollars. Form the recurrence
with a(0) = 100 of course. Run it forward for 52 iterations, you get 106.43481. That is equal to an effective annual interest rate of 6.43 %.
Or use the formula
Last edited by bobbym (2013-02-20 14:28:20)
In mathematics, you don't understand things. You just get used to them.
Probability is the most important concept in modern science, especially as nobody has the slightest notion what it means.
90% of mathematicians do not understand 90% of currently published mathematics.
#4 2013-02-21 00:54:17
- bobbym
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Re: Effective Annual Rate
Hi;
Come back if you need more.
In mathematics, you don't understand things. You just get used to them.
Probability is the most important concept in modern science, especially as nobody has the slightest notion what it means.
90% of mathematicians do not understand 90% of currently published mathematics.