If 6 means to the power of- what does (1000*1.12)^.25 mean? (calculating NPV=((pR/(1+r)^t)-C)
sales price= 1200
investmt = 1000
collection pd=3 mos
req. rate = 12%
^ .25?
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- Jim@StratusPrep
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^.25 is the same as taking the square root twice
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Just think of it as being raised to the 1/4th power. Meaning you want to take the 4th root.mq1027 wrote:If 6 means to the power of- what does (1000*1.12)^.25 mean? (calculating NPV=((pR/(1+r)^t)-C)
sales price= 1200
investmt = 1000
collection pd=3 mos
req. rate = 12%
Right?
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Brian Lange
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Expert Contributor to Beat The GMAT
Merci, Danke, Grazie, Gracias -- Whichever way you say it, if you found my post helpful, please click on the 'thank' icon in the top right corner of this post.
And I encourage you to click on 'follow' to track all my posts -- all the cool kids are doing it!