DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> Who Killed Theresa?

Thursday, June 30, 2005

ECO-PRACTICAL

So let's put that Economics knowledge to work and calculate the value of IVAC's $1,100 compensation had they given it to our family 26 years ago....

FV=PV(1+n) (to the power, 26)

FV=1,100 (1+.06) (power 26) .... we'll say a modest 6% interest rate.

FV= $5,004.32

IVAC, you still owe me $3,904.32

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