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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. |
1.00833^36
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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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