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To: Mike Buckley who wrote (44786)7/22/2001 4:58:56 PM
From: Wyätt Gwyön  Respond to of 54805
 
it just means 1.64 (today's value) times 1.11 (percentage gain) to the 20th power (since 11% is compounded 20 years). instead of "*1.11^20" you could write "*1.11" twenty times in a row but it'd get confusing. effectively i calculated it by pressing the multiply key 20 times on my $5 calculator.