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X-Hacker.org- Tom Rettigs Library - inctime(<n increase>, <n rate>, <n compounded>) http://www.X-Hacker.org [<<Previous Entry] [^^Up^^] [Next Entry>>] [Menu] [About The Guide]
 INCTIME(<N increase>, <N rate>, <N compounded>)
 Evaluates number of years for investment to increase by specified amount.
 Returns <expN> number of years required for specified appreciation.

 <increase> is the amount of increase as percentage of initial value.
 <rate> is the annual interest rate.
 <compounded> is the number of times the interest is compounded annually.

 * How long will it take to double the amount on hand with an
 * annual interest rate of 10% compounded quarterly?
 ? INCTIME( 1.00, .10, 4 )
 * Returns 7.02 (years).


             Placed in the Public Domain by Tom Rettig Assoc.

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