I'm having trouble solving this daily interest rate conversion. I know the sollution because Maple does it for me but i cant get to it myself which drives me nuts. heres what i have so far
1.07 = (1+R)^365
ln 1.07 = 365 ln (1+R)
ln1.07/365 = ln (1+R)
now how do i get rid of the ln on the right?
thank you, chris