Calculate payments based on APR

[Bill Campbell]

On Tue, Apr 14, 2009, John Esak wrote:
>Yeah, and imagine if you had a million $3.78's, boy then I'd want a bigger
>calculator.
>
>Like the current Obama jokes.... a trillion here, a trillion there and
>pretty soon we're talking *real* money.

There hasn't been Real Money(tm) in use much since 1913 when the
Fed was given a license to conterfeit, and the final nail was put
it the world economy's coffin in 1971(?) when Nixon dropped any
tie of the U.S. Dollar to gold.

Thomas Paine, author of ``Common Sense'' called for the death
penalty to anybody advocating paper money and legal tender laws.

>Now, this is funny on so many levels I can't stop laughing (or crying) long
>enough to explain it to anyone who doesn't get it right away.
>
>Kind of like the old saw "There are only 10 types of people, those who know
>binary, and those who don't."  :-)
>
>Money is only *real* when it is yours... so whether some nebulous printing
>house is churning it out by the sheet, it shouldn't bother anybody.

The printing press dilutes the value of whatever currency is
being printed, eventually to zero.  There has never been a fiat
paper money in history that did not eventually become worthless.

Paper is worth about $80/ton no matter how many zeros one prints
on it.

As for the NPV and interest calculations, I probably still have
my HP-97 program books which have the formulae for calculating
these.  At one point I could program them into my HP-25 without
thinking about them, only slightly slower than finding the
magnetic card for the HP-97 and loading them.

Bill
-- 
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