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Math Help - algebraic equation

  1. #1
    Junior Member
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    algebraic equation

    suggest method to solve

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  2. #2
    MHF Contributor
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    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.
    Last edited by TKHunny; May 18th 2011 at 09:01 PM. Reason: Add leading question
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