Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 9 - Review - Review Exercises - Page 672: 22

Answer

$x=\displaystyle \frac{\log(\frac{A}{P})}{m\cdot\log(1+i)}$

Work Step by Step

Divide both sides with $P$ ... $(1+i)^{mx}=\displaystyle \frac{A}{P}\qquad$... apply log( ) to both sides $ mx\displaystyle \cdot\log(1+i)=\log(\frac{A}{P})\qquad$...we applied $\log_{b}\left(x^{r}\right)=r\log_{b}x$ ... divide with $[m\cdot\log(1+i)]$ $x=\displaystyle \frac{\log(\frac{A}{P})}{m\cdot\log(1+i)}$
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