12c Solving for n

[Zac Bruce]

Dieter,

I've made some progress through Gene's book now, and you're right about it being pretty simple. My math is not strong so I didn't know that the log of a number to a power is equal to the power multiplied by the log of that number. What a mouthful.

Gene does offer a quick and dirty way to approximate, but it's really no simpler than just working through the formula.

I still don't understand was a logarithm really is, but at least compound interest is starting to make sense. So I guess I'm at stage two, at least!


Regards,

Zac