"Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%. "
Are we here, maybe, on 'The Rule Of 72?' Jimmy may be correct...Compounding works backward as well as forward with numbers?
posted on 01/25/2009 10:18:19 AM PST
(A memory tooooo long)
Are we here, maybe, on 'The Rule Of 72?'
No, we're on the Jimmy can't multiply rule.
Jimmy may be correct...
Take 0.933 and raise it to the 15th power. Feel free to post your result.
posted on 01/25/2009 10:20:24 AM PST
(Will the doomers ever buy a calculator?)
By actual count on this thread, 1/2 of Freepers understand discounted cash flow.
posted on 01/29/2009 8:19:45 PM PST
("The urge to save humanity is almost always a false front for the urge to rule - Mencken knew Obama)
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