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financial perfomance help

kimmie1986kimmie1986 Feels At HomeRegistered Posts: 39
hi

im trying to work out the net terminal value on a calculator but i don't have a clue, the example in the kaplan book is

£12345*(1+0.1)n where n is 5

this should equal £19882

can anyone help explain how i work this out!!!

Thanks

Comments

  • RinskeRinske Font Of All Knowledge Registered Posts: 2,453
    n is to the power of, you will need a scientific calculator for this. My calculator has an x to the power y button for it. Where the x is normal size and the y is a small one next to it.

    Alternatively you can drop it in excel to work it out at home in which case the formula is =12345*(1+0.1)^5, but that probably won't help you on an exam!
  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    That's weird, I thought you weren't allowed scientific calculators in exams anyway?
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    Gem7321 wrote: »
    That's weird, I thought you weren't allowed scientific calculators in exams anyway?

    You're not allowed calculators that can store text. Most scientific calculators which you'd use for GCSE/A level won't.
  • kimmie1986kimmie1986 Feels At Home Registered Posts: 39
    thank you i have final found the button on my calculator, on my one the y is bigger than the x and i managed to get the answer yay
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