sdanderson:<<<<I calculate this to be around 33% annualized return.>>>> "In my previous rant I over stated the annualized return, How did you arrive at 33%?"See my post 18375 for the rough proof. I usually use either a financial calculator (HP12-c) or some finace programs loaded on my computer at home. My office computer does not the same specific finance programs, so I have previously constructed a simple spreadsheet that lets me play with the variables.Or you could read the Math board and/or find post by JABoa, who gladly recites and explains the formulas, but exponential formulas give me headaches.I continue to recommend building amortizaton and compounding spreadsheets in order to really play with the variables and get an understanding of how compounding works.Just my $0.02. Regards, JAFO
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