AuthorTopic: can anyone help on this question?
quincy
@2004-04-26 20:57:37
How long would it take an investor to multiply his money 75 times in an investment that can consistently generate an anunual return of 8%?

The answer given is 56.1... but how to get this answer, can anyone please help? This is a question from the time value section.
ackee
@2004-04-26 21:23:10
tiba2 calc:

fv=75
pv=-1
i/y=8
cpt n=56.09

good luck
quincy
@2004-04-27 11:35:24
Thanks a lot....but I am using hp-12c, putting in the same entry, i got n=57.0 ? why?
ackee
@2004-04-27 13:55:39
sorry, but i've never used the 12c. you might want to check out the schweser website. they've got info on how to use the 12c. maybe you've got the calc set up wrong.
quincy
@2004-04-28 10:36:39
Thanks a lot! I checked the hp-12c's manual, and you are correct, the 'n' function now only shows integer value (round-up). thanks again...

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I used your notes and passed ... highly recommended!