Hello nerds, /Biz/ness man here I need your help
i need to create a function to solve for what annual compounding rate of growth (Y) an asset would need to see for it to break even on a linear growth loan (x).
The loan charges 10.5% flat on the original loan, so not compounding. 1000 base, 1100 x=1, 1200 x=2, ect. So 1000 + (105*x) is what I have setup for the left side of the equation. The right side is a bit tricky and probably where I need help, 1000*(1+Y)^x. This should be correct yes? Am I missing anything? That will give me an equation where i can solve for either X or Y on that graph to determine either how much time a certain return would break even over or how much return I would need to breakeven over a specified time right? Is there an easier way to do this equation?
Thank you nerds, buy chainlink and get rich
i need to create a function to solve for what annual compounding rate of growth (Y) an asset would need to see for it to break even on a linear growth loan (x).
The loan charges 10.5% flat on the original loan, so not compounding. 1000 base, 1100 x=1, 1200 x=2, ect. So 1000 + (105*x) is what I have setup for the left side of the equation. The right side is a bit tricky and probably where I need help, 1000*(1+Y)^x. This should be correct yes? Am I missing anything? That will give me an equation where i can solve for either X or Y on that graph to determine either how much time a certain return would break even over or how much return I would need to breakeven over a specified time right? Is there an easier way to do this equation?
Thank you nerds, buy chainlink and get rich
