I think you are thinking too much about Annual Yield - just take the interest earned each year and divide by the cost 551/9082=.056213=5.62%
Oh, look at the pretties!
Kaylee ,'Shindig'
Spike's Bitches 34: They're All Slime and Antlers
[NAFDA] Spike-centric discussion. Lusty, lewd (only occasionally crude), risque (and frisque), bawdy (Oh, lawdy!), flirty ('cuz we're purty), raunchy talk inside. Caveat lector.
-t - Jan 11, 2007 2:35:32 pm PST #394 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Topic!Cindy - Jan 11, 2007 2:38:04 pm PST #395 of 10001
What is even happening?
What answer are you getting and how are you getting it, and what's the answer in the back of the book say?Hil? Are you reading my brain by mistake?
sj - Jan 11, 2007 2:38:09 pm PST #396 of 10001
"There are few hours in life more agreeable than the hour dedicated to the ceremony known as afternoon tea."
Nicole, insent.
vw bug - Jan 11, 2007 2:39:08 pm PST #397 of 10001
Mostly lurking...
-t, when I do that, I get 6.066%
-t - Jan 11, 2007 2:41:38 pm PST #398 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
Huh, you sure do. What did I do to get 5.62 like I just did?
vw bug - Jan 11, 2007 2:43:49 pm PST #399 of 10001
Mostly lurking...
I don't know! But do it again!
-t - Jan 11, 2007 2:45:37 pm PST #400 of 10001
I am a woman of various inclinations and only some of the time are they to burn everything down in frustration
9802, not 9082. Helps to read the problem the same way every time.
551/9802=.0562
Eta: and, more importantly, to type it correctly!
vw bug - Jan 11, 2007 2:45:42 pm PST #401 of 10001
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If I do (551x29.5+10000)-9802 = 16,728, then divide that by 29.5, I get 557.71 per year. Divide that by 9802, and I get 5.689%.
vw bug - Jan 11, 2007 2:46:31 pm PST #402 of 10001
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Oh, Bwah!
vw bug - Jan 11, 2007 2:51:29 pm PST #403 of 10001
Mostly lurking...
Oh, bless you all! I did it! FIVE FREAKING HOURS I've spent on this problem. Just needed another perspective. Was making it too wicked hard.
Edit: And just in time to watch Ugly Betty!