lsDxMdmaddicThc
  • lsDxMdmaddicThc
2.2183 = (1+(0.038/n))^(n21) Can someone walk me through this?
Mathematics
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
hmm is this the original question?
lsDxMdmaddicThc
  • lsDxMdmaddicThc
No, I simplified the equation to this point but I can't figure out how to go farther
anonymous
  • anonymous
can you post the original one?

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lsDxMdmaddicThc
  • lsDxMdmaddicThc
19,909.2 = 8,975(1+(0.038/n))^(n21)
lsDxMdmaddicThc
  • lsDxMdmaddicThc
@satellite73
anonymous
  • anonymous
aye yikes ok
anonymous
  • anonymous
some interest rate question or was that the actual start?
lsDxMdmaddicThc
  • lsDxMdmaddicThc
This is the start
anonymous
  • anonymous
i can't think of a snappy way to do it, i would cheat
lsDxMdmaddicThc
  • lsDxMdmaddicThc
I don't know how to cheat?
lsDxMdmaddicThc
  • lsDxMdmaddicThc
I just want to know how to find the answer lol
anonymous
  • anonymous
looks like 12 http://www.wolframalpha.com/input/?i=19%2C909.2+%3D+8%2C975%281%2B%280.038%2Fx%29%29^%2821x%29+ we can start if you like, will require some logarithms
lsDxMdmaddicThc
  • lsDxMdmaddicThc
I'd really appreciate it if you could help me.
anonymous
  • anonymous
ok i lied, i have no idea how to do this without cheating my only suggestion would be to guess and check
lsDxMdmaddicThc
  • lsDxMdmaddicThc
Hahahaha, okay.... :\
lsDxMdmaddicThc
  • lsDxMdmaddicThc
Well thanks anyways I guess
lsDxMdmaddicThc
  • lsDxMdmaddicThc
Anybody else?
anonymous
  • anonymous
sorry i am almost positive it cannot be done using basic properties of the log and algebra
anonymous
  • anonymous
where does the question come from?
lsDxMdmaddicThc
  • lsDxMdmaddicThc
Compound Interest Homework

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