I'm trying to solve for r, in the following formula where m = 214.3 and P = 20000:
m = Pr(1+r)^104/((1+r)^104)-1)
I'm trying to use logs to solve the equation and get down to this point where I'm stuck:
logP + logr + 104log(1+r) = logm + log((1+r)^104)-1) - this underlined portion is where I'm stuck
Any help would be appreciated. Thanks
m = Pr(1+r)^104/((1+r)^104)-1)
I'm trying to use logs to solve the equation and get down to this point where I'm stuck:
logP + logr + 104log(1+r) = logm + log((1+r)^104)-1) - this underlined portion is where I'm stuck
Any help would be appreciated. Thanks