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12c Solving for n
07-27-2017, 07:00 PM (This post was last modified: 07-27-2017 07:02 PM by Dieter.)
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RE: 12c Solving for n
(07-27-2017 12:19 PM)Zac Bruce Wrote:  My math is not strong so I didn't know that the log of a number to a power is equal to the power multiplied by the log of that number. What a mouthful.
(...)
I still don't understand was a logarithm really is, but at least compound interest is starting to make sense.

Power and exponential functions as well as their inverses (roots and logs) are basic math that is not too hard to understand. If it can be done at school in grade 8 or 9 you will be able to get it as well. All this stuff is required to understand the concept of the time value of money, both in simple compoud interest problems, in annuities and in other basic concepts like NPV or IRR. So every minute you spend on this for a better understanding of these basics will pay off later. Financial math simply is not possible without this. There is a reason why the 12C has only a few scientific functions while it does have y^x, e^x and ln x. ;-)

Dieter
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Messages In This Thread
12c Solving for n - Zac Bruce - 07-24-2017, 11:27 AM
RE: 12c Solving for n - Dieter - 07-24-2017, 01:10 PM
RE: 12c Solving for n - Zac Bruce - 07-25-2017, 02:38 AM
RE: 12c Solving for n - Dieter - 07-25-2017, 09:44 AM
RE: 12c Solving for n - paul0207 - 07-25-2017, 04:52 AM
RE: 12c Solving for n - Zac Bruce - 07-25-2017, 05:51 AM
RE: 12c Solving for n - Zac Bruce - 07-25-2017, 10:52 AM
RE: 12c Solving for n - Dieter - 07-25-2017, 11:24 AM
RE: 12c Solving for n - Zac Bruce - 07-27-2017, 12:19 PM
RE: 12c Solving for n - Dieter - 07-27-2017 07:00 PM
RE: 12c Solving for n - Zac Bruce - 07-27-2017, 09:40 PM



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