-t, when I do that, I get 6.066%
'Serenity'
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.
Huh, you sure do. What did I do to get 5.62 like I just did?
I don't know! But do it again!
9802, not 9082. Helps to read the problem the same way every time.
551/9802=.0562
Eta: and, more importantly, to type it correctly!
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%.
Oh, Bwah!
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!
I think maybe you left out some words in your notes, and annual yield is total interest earned EACH YEAR divided by cost.
Eta: according to my recently acquired MBA, I should know this rather than guessing, but I don't. I can, however, look it up if need be.
I think maybe you left out some words in your notes,
Could very well be.
FIVE FREAKING HOURS I've spent on this problem.
Takes me back to my semester of Statistics. Spend the ENTIRE weekend on homework, finish maybe a third.
Yep, still pleased with the choice of Tap Dance over Econ.
Um, not to discourage you, vw, I'll have to take the Econ eventually, and ummm, go you! You're finished with that problem!