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In his solution, the constant e occurs as the limit displaystylelimₙₜₒᵢₙfₜyleft(1+frac1nright)ⁿ, where n represents the number of intervals in a year on which the compound interest is evaluated (for example, displaystylen=12 for monthly compounding). The first symbol used...
y=loge(6) Solve for y y=ln(6)≈1.791759469 Assign y y := ln(6) Graph Examples
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aWe have shown how to manipulate cash flows in variety of ways, and in so doing we can now solve many kinds of compound interest problems. But engineering economic analysis is more than simply solving interest problem. The decision process requires that outcomes in terms of the selection ...
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