** means exponentiation - Saab 9-5 Bulletin Board - Saabnet.com
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** means exponentiation
Posted by Dave in Houston [Email] (more from Dave in Houston) on Wed, 15 Aug 2007 20:18:09
In Reply to: Goldberger's rule of thumb, Stephen Goldberger, Wed, 15 Aug 2007 16:36:14
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So (0.5**n/3) means 0.5 to the power of (n/3). You may also see it written as 0.5^(n/3).
The way I calculate, that means an 8 year old car would be worth 0.5 to the 2.67 power times the MSRP, or about 16% of the MSRP.
That formula seems a bit low to me, but not too bad, sad to say.
posted by 64.91.160...
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