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Old 03-15-2005, 10:52 PM   #9
Rain Man Rain Man is online now
Vote Ermine for UND's Mascot
 
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Join Date: Jul 2001
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Here's how I'd do it. I didn't bother to separate out the principal and interest, though that would be easy to do.

I used two methods - one using Excel's FV function, and the other calculated manually. The manual method is using a continuous growth assumption, so it's off a tad bit, I'll bet.
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Have you done your part to make the Ermine the new mascot of UND? http://und.edu/nickname/

Last edited by Rain Man; 05-13-2008 at 06:29 PM..
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