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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: joseph krinsky who wrote (45267)	4/9/1998 10:49:00 PM
From: Kurt N	Respond to of 55532

I think RMIL will get the money on a Friday in the year 2387, assuming of course my descendants are willing to part with a whopping $10 million. I wonder if I can make that a condition in my will??? How do I know the company will receive the money in the year 2387??? Simple I'll open a savings account with $100 that pays 3% interest per year compounded yearly. By using the simple interest formula and solving for y (number of years). yn A = A (1+r/n) 0 y1 10,000,000 = 100(1+.03/1) y 100,000 = (1.03) y log 100,000 = log (1.03) = y * log (1.03) y = log 100,000 / log 1.03 y = 5 / .0128372 y = 389.49 1998 + 389.49 = 2387.49 I could have used Quicken, but it is fun every now and then to do the math by hand. [edit: of course taking into account inflation 10,000,000 in 2387 will be worth $100 or less in today's present value after taking into account inflation, but hey the company will have $10,000,000 then] Kurt