SOLUTION: Having a bit of trouble with this one. The fact that the n is an exponent is making me unsure about how I am supposed to proceed.
FV=PV(1+i)^n solve for i
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-> SOLUTION: Having a bit of trouble with this one. The fact that the n is an exponent is making me unsure about how I am supposed to proceed.
FV=PV(1+i)^n solve for i
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Question 942962: Having a bit of trouble with this one. The fact that the n is an exponent is making me unsure about how I am supposed to proceed.
FV=PV(1+i)^n solve for i Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Having a bit of trouble with this one. The fact that the n is an exponent is making me unsure about how I am supposed to proceed.
FV=PV(1+i)^n solve for i
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n*log(1+i) = FV/PV
log(1+i) = FV/[PV*n]
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1+i = 10^[FV/[PV*n]
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i = 10^[FV/[PV*n]] - 1
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Cheers,
Stan H.
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