financial perfomance help
kimmie1986
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
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
0
Comments

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!0 
That's weird, I thought you weren't allowed scientific calculators in exams anyway?0

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 yay0