All Topics / Forum Frolic / Caculating Question

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  • Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844
    November 12, 2003 - 8:14 am

    just a quick question, does anyone know the formula of entering for eg.

    $100,000 @ 6% over 30 years into a normal caculator or the caculator on your mobile phone, normally i just punch the figures into some software i have and i am able to work it out straight away, but there have been times where i have been away from my computer and loan sheets that are pre caculated.

    Would anyone know the formula, based on a cheap caculator not one of those scientific caculators that can do the “to the power of x”

    appreciated greatly.

    thanks still_in_school

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    November 12, 2003 - 8:58 am

    sis

    there have been a couple of posts on this topic. One ‘ballpark’ figure, and I think one of the Josh’s posted one that he learnt in a finance class. Sorry I can’t remember when/where, but they have been in the last month if you want to do a search for them.

    Cheers
    Mel

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844
    November 12, 2003 - 9:11 am

    thanks melbear, ill try having a look for it.

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