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<<<<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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