In each of the following compound interest equations, the variable n represents the number of times per
Question:
In each of the following compound interest equations, the variable n represents the number of times per year that the interest is compounded. Use common logarithms to write an expression for n. Evaluate the expression to the nearest integer.
a. 6252.40 55800(1.00375)5n
b. 10,167.56 58000(1.002)10n
c. 547.80 5500(1.00005)5n
d. 14,340 512,000(1.011)8n
e. 1652.25 51500(1.01625)6n
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a swipe the both sides 558001003755n 625240 Divide both sides 1003755n 15631139500 Convert the ...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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