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HighRoller 10-06-2007 08:51 AM

math question formula daily interest
 
http://www.finance.cch.com/text/c10s10d030.asp


Under the example part

I understand the formula I believe but for this part:

F = $1,000 x (1.00833)36

F = $1,000 x (1.34802)


How did he get that 1.34802 on that page, that I can't figure out

1.00833 * 36 doesn't = that.

donborno 10-06-2007 08:55 AM

1.00833^36

HighRoller 10-06-2007 08:55 AM

I figured it out I was suppose to use ^ instead of *
I was going off what I was visually seeing and not thinking


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