suggest method to solve

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- May 18th 2011, 08:28 PMfxs12algebraic equation
**suggest method to solve**

http://www.mathmontada.net/vb/upload...1305730862.png - May 18th 2011, 08:50 PMTKHunny
Are you SURE this goes in "Algebra / Pre-Algebra"?

Numerical methods.

Fixed Point Iteration.

Secant Method

Midpoint Method

Newton's Method

and on and on and on...

Bond problems often lead to this difficulty. It cannot be solved directly. Often, it is useful to start your iteration process at the coupon rate. The coupon rate is not the correct answer, but it is usually close enough that you will find the correct answer.