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INCTIME(<N increase>, <N rate>, <N compounded>)
Evaluates number of years for investment to increase by specified amount.
Returns <expN> number of years required for specified appreciation.
<increase> is the amount of increase as percentage of initial value.
<rate> is the annual interest rate.
<compounded> is the number of times the interest is compounded annually.
* How long will it take to double the amount on hand with an
* annual interest rate of 10% compounded quarterly?
? INCTIME( 1.00, .10, 4 )
* Returns 7.02 (years).
Placed in the Public Domain by Tom Rettig Assoc.
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