ln(1.07)/365 = ln (1+R)
e^(ln(1.07)/365) = e^(ln (1+R))
e^(ln(1.07)/365) = 1+R
finish him off.
Hello
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