stock return

[phate]

so, i got my dad a new business calculator for christmas, but its a bit confusing to use. ive read the manual and i think im doing it correctly, but i want to make sure. so to check, if anyone could answer this question so i can compare, please do.

the original investment was $4955, which grew to $109,000 over 214 months. what was the return per year (%)? (and no, its not (109,000-4955) / (214/12))... that leaves out compounding per year, i believe)

thanks for any help.

[Nimble]

4955(x)^214=109000

x = 1.014548509

compound interest = 1.45%

so your dad stock grew 1.45% monthly

rofl you asked for years :(

4955(x)^214=109000

x = 1.189251763

So your dad stock grew about 18.93% annually

been awhile since i done math, so i could be wrong :E

[Mityas]

I have 5000 laying around and can wait 5 years to make 109000. What stocks is this? :D

[dylan]

omg there's another nimble, good thing I spell it this way. =o

[phate]

mmm im not sure, i think its berkshire hathaway but who knows. yeah i got 18.93% too, so im thinking thats right. thanks.