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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: Pseudo Biologist who wrote (1426)6/26/1997 6:24:00 PM
From: biowa   of 9719
 
Max,

>>I think I saw the 1/(1+X) formula in a couple of places, so probably that is the correct one<<

1/(1+x)^n, where ^n is the exponent (aka, power) that (1+x) is taken to and represents the number of periods. Don't feel too pseudoCPA, I once heard that discounting was one of the most frequently missed types of question on the CPA exam.

biowa
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