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    corvo45's Avatar
    corvo45 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Oct 26, 2008, 07:45 PM
    Compound Interest
    Hello,

    I purchased a property 28 years ago for $148,000

    It was sold for $2,420,000.

    What is the annualised return for the period?

    How do you calculate it.

    Thank you

    Regards

    corvo45
    Neilcathy67's Avatar
    Neilcathy67 Posts: 47, Reputation: 3
    Junior Member
    		  
    #2

    Oct 26, 2008, 08:42 PM

    I use a HP 12C hand held calculator. If you put in your 148k as PV or present value, 336 months as n or amortization and 2,420,000 as FV future value and make it a negative number, it will tell you that over 336 months that is a 10.2% yield.
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