I would like to understand how to solve for r in this problem. 2773=1000(1+r)^36 I know that r=.0287 but I do not understand how to solve with the exponents. Do I use Ln? and how is that done? Thanks
Follow Math Help Forum on Facebook and Google+
Originally Posted by Smoriginal I would like to understand how to solve for r in this problem. 2773=1000(1+r)^36 I know that r=.0287 but I do not understand how to solve with the exponents. Do I use Ln? and how is that done? Thanks yes you have to use ln, see here, Now take natural log on both sides: Now take antilog,
ahh I see. Thanks so much!!
View Tag Cloud