I just bought a SHARP - EL-735 (Financial calculator) and I am trying to run very simple intrinsic value equations on it.
I am trying to calculate the annual compounding rate of growth for a stock, however I keep getting an error at the end.
Say for example, I am looking at a stock worth $1.45, 10 years ago, with value today being $8.89
For this equation I would usually enter:
Then press Compute and the i button. However, this is coming up with an error. Since I am not a gun on financial calculators (or any calculator for that matter), can someone who knows give me a hand on how I could work out the annual compounding rate of growth for a stock on this calculator?
Dunno about the Sharp, but on my HP you need to put a minus sign in front of the present value (to indicate a cash outflow). This gives the result 19.88%.
Your the MAN Snagglepuss!!!!!
I thought for a second there I was gonna have to find myself another texas instrument and I have waited long enough for this financial calculator to be ordered in! They were all sold out in about 5 different stores around me!
Time to get cracking on these calculations again! Too good Snaggle!
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