F FGCAPITAL New member Joined Nov 26, 2017 Messages 1 Nov 26, 2017 #1 How to calculate ($14,000 / $10,000) ^ (365 / 913) – 1 w/o scientific calculator ($14,000 / $10,000) ^ (365 / 913) – 1 I do not know what this ^ is, how to calculate that? And what is the -1 for? Thanks Su
How to calculate ($14,000 / $10,000) ^ (365 / 913) – 1 w/o scientific calculator ($14,000 / $10,000) ^ (365 / 913) – 1 I do not know what this ^ is, how to calculate that? And what is the -1 for? Thanks Su
mmm4444bot Super Moderator Joined Oct 6, 2005 Messages 10,958 Nov 27, 2017 #2 FGCAPITAL said: … I do not have a scientific calculator ($14,000 / $10,000) ^ (365 / 913) – 1 Click to expand... You can google this expression, to see a decimal approximation. Do not type the dollar signs, spaces, and commas: (14000/10000)^(365/913)-1 The caret symbol ^ is used to show exponents. In the expression above, the fraction 365/913 is an exponent.
FGCAPITAL said: … I do not have a scientific calculator ($14,000 / $10,000) ^ (365 / 913) – 1 Click to expand... You can google this expression, to see a decimal approximation. Do not type the dollar signs, spaces, and commas: (14000/10000)^(365/913)-1 The caret symbol ^ is used to show exponents. In the expression above, the fraction 365/913 is an exponent.
tkhunny Moderator Staff member Joined Apr 12, 2005 Messages 11,325 Nov 27, 2017 #3 FGCAPITAL said: ($14,000 / $10,000) ^ (365 / 913) – 1 I do not know what this ^ is, how to calculate that? And what is the -1 for? Thanks Su Click to expand... Here's one. https://www.desmos.com/scientific To clarify, you may wish to write [($14,000 / $10,000) ^ (365 / 913)] – 1 This will give you the imputed interest rate you seek.
FGCAPITAL said: ($14,000 / $10,000) ^ (365 / 913) – 1 I do not know what this ^ is, how to calculate that? And what is the -1 for? Thanks Su Click to expand... Here's one. https://www.desmos.com/scientific To clarify, you may wish to write [($14,000 / $10,000) ^ (365 / 913)] – 1 This will give you the imputed interest rate you seek.