anonymous
  • anonymous
urgent ! satellite73 help me to find i: 8.76 = [ 1- (1+i)^-11 ] / i
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
if I is any variable
anonymous
  • anonymous
i is just variable
anonymous
  • anonymous
plot the two graph y=8.76i-1 and y=-(1+i)^-11 find intersection point

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anonymous
  • anonymous
then 8.76 i = 1 - (1+i)^(-11)
anonymous
  • anonymous
use online graphing
anonymous
  • anonymous
^ yeh, the best you can do its graphical it wont have an exact solution all you can do is approximate
anonymous
  • anonymous
is that all over i? latex not workring?
anonymous
  • anonymous
[ 1- (1+i)^-11 ] over i
anonymous
  • anonymous
yeh , it doesnt have exact solution
anonymous
  • anonymous
this is anuity formula a subscript 11
anonymous
  • anonymous
now do you get a negative power then
anonymous
  • anonymous
if its a financial maths question then the power must be positive
anonymous
  • anonymous
thats the formula for interest
anonymous
  • anonymous
there is no algebra way to solve this. i think estimation is best, and i get .04
anonymous
  • anonymous
in fact it is .04 to 4 decimal places, .0400
anonymous
  • anonymous
and no the powers do not need to be positive. for example a payment formula has negative exponents.
anonymous
  • anonymous
me too, i found 0.03993, by plug in to calculator, but i need a way to write in my paper

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