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Finance and logs- question
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4dkids Wrote:[SIZE="6"]My hopes are that some kind soul will take a moment to explain how log is used in this problem:[/SIZE]

1.333 = (1+I)[SIZE="1"]n[/SIZE]
log 1.3333 = 4 log (1+I)
0.1248 = 4 log (1+I)
.0312 = log (1+I)
1.075 = 1+I

By what means does 'log 1.333' equal 0.1248?:o

Thank you, in advance, for your help

I don't personally know the answer--although it all looks vaguely familiar--like a 25 year old memory--but here's a link to a page that explains logarithms and includes examples which look helpful. I'm studying for Principles of Finance next month and if I come across anything that looks like this I'll likely just skip it. I don't recall seeing anything about logs in the specific feedback section...
My Excelsior Journey
Bachelor of Science in General Business, cum laude
Excelsior College
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Messages In This Thread
Finance and logs- question - by 4dkids - 03-13-2008, 06:04 AM
Finance and logs- question - by barcotta - 03-13-2008, 11:29 AM
Finance and logs- question - by 4dkids - 03-13-2008, 12:01 PM
Finance and logs- question - by gus - 03-13-2008, 01:10 PM
Finance and logs- question - by larry7crys - 03-13-2008, 11:16 PM
Finance and logs- question - by 4dkids - 03-14-2008, 12:26 AM
Finance and logs- question - by gus - 03-14-2008, 05:00 AM
Finance and logs- question - by larry7crys - 03-15-2008, 02:31 AM

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