You are not logged in.
Re: Effective Annual Rate
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.
Some cause happiness wherever they go; others, whenever they go.
If you can not overcome with talent...overcome with effort.