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       #Post#: 11933--------------------------------------------------
       Mathematics of Finance
       By: Leslie Date: December 16, 2023, 3:03 pm
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       If you think you can double your money by leaving it in bank
       account compounded annually within a reasonable time think
       again. Buy the actual Canadian bank stocks instead , you will be
       better off. You don't need to know another thing about
       investing, You just sit back and await the dividends every
       quarter.
       For example it will take you 14,207 years compounded annually to
       double your money at 5% annually (if you can get a rate as high
       as that).Or 7.2725 years if you could get a 10% annual
       compounded interest rate which is impossible.
       Formula: for doubling your money - just as a matter of interest
       is as follows:-
       let x = the doubling period and let y = 1 + the compounded
       annual percentage. Then
       x= log2/logy
       Using example one to illustrate
       x = log2/log 1+.05 or 1.05 = 14.207 years
       Using the second example:
       x = log2/log 1.10 = 7.272540897
       You can substitute the natural log ln instead of log and you
       will get the same result.
       #Post#: 11940--------------------------------------------------
       Re: Mathematics of Finance
       By: Gregory Date: December 17, 2023, 3:36 am
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       Well, that was well over my head. I've never been good at maths
       and at school it was my worst subject. My best subjects were
       always on the arts and letters side, like English Language,
       English Literature, History (my university subject), Geography,
       etc.
       As for the mathematics of finance, the nearest I ever got to
       that was the TV quiz show Double Your Money...
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