Tutors Answer Your Questions about Exponential-and-logarithmic-functions (FREE)
Question 428709: Please help! I would really appreciate it!
>Solve the equation (1/3)log7 64+ (1/2)log7 121= log7 x
>Find log3 25 given that log3 5= 1.465
>If log.5=-.3010, what is the mantissa of log.5?
Please include steps for each! Thanks again
Click here to see answer by solver91311(24713)  |
Question 430363: Ok I have a problem that I believe I solved but I just want to be sure I am completing it correct. So here is the problem
Zero coupon bonds do not yield periodic interest. Instead the purchaser buys the bond for less then the face value and then is paid full face value when the bond is mature. Before the bond is matures, its market value(price paid by a purchaser in the bond market) is determined by the prevailing market interest rate.
Below consider a 15 year bond with a face value of $1000
A) Determine the current market value of the bond if the prevailing market interest rate is 5% per year.
B) Determine the prevailing market interest rate if the correct market value of the bond is $300
So this is how I approached part A
Current value = 1000
Initial value = X
Rate 5%
Time = 15 years
term = 1
So 1000=x(1+(0.05/1))^15
Which comes out to $481.01
Is this correct? Buying a bond for approx. half value seems logical.
For Part B I approached it the following way.
Current value=1000
Initial value=300
rate = x
time = 15 years
1000=300e^r(15)
solved for r getting 8.02% This seems logical as a higher rate would mean a lower initial value
I am new to these problems so just want to be sure I am approaching them correctly. Thank you in advance for your help.
Click here to see answer by stanbon(75887) |
Question 432469: Change from exponential form to logarithmic form and solve for x:
3^x-2=7
A)solve for x (exact solution)
B)use calculator to solve for x and round to nearest thousandth
Am I doing this right?
A) log3 of 3^x-2=log3 of 7
x-2=log3 of 7 (+2 to both sides)
x=(log3 of 7)+2
x=(ln7/ln3)+2
Would this be my final answer for A?
B) Same steps as above
x=(ln7/ln3) +2
x=3.771 approximately rounded to the nearest thousandth
I just need to know if I am doing this correctly, and getting the correct solutions. If not I have to figure out where I am going wrong. Please guide me.
Click here to see answer by MathLover1(20850)  |
Question 432553: One more for verification purposes:
IF something increases by 40% every 6 months what is the 1-year % increase?
Let S= something
S=(1+.40)^12 = S(1.40)^12 = S(56.59) = S increased by 56.59% in 1 year.
Correct?
Click here to see answer by ewatrrr(24785)  |
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