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Logarithms and the Compound Interest Formula

You can solve for any constant in the compound interest formula

compound_01

In an earlier FAQ, we looked at solving for the rate r. In the FAQ below, we look at how logarithms can be used to solve for the number of years, n, in the power.

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Author drdavePosted on September 10, 2015February 4, 2016Categories Chapter 5, College Algebra, College Math, Finite Math

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  • Finite Math Ebook
    • Finite Mathematics Workbook
    • Chapter 1 Linear Models
    • Chapter 2 Solving Linear Systems
    • Chapter 3 Matrices
    • Chapter 4 Linear Programming
    • Chapter 5 Mathematics of Finance
    • Chapter 6 Statistics
    • Chapter 7 Probability
    • Chapter 8 Counting
    • Chapter 9 Intro to Probability Distributions
  • Applied Calculus Ebook
    • Applied Calculus Workbook
    • Chapter 10 Limits
    • Chapter 11 Measuring Rates
    • Chapter 12 Optimization
    • Chapter 13 Measuring Area
    • Chapter 14 Methods of Integration
    • Chapter 15 Multivariable Calculus
  • College Mathematics
    • Chapter 1 Statistics
    • Chapter 2 Probability
    • Chapter 3 Units of Measurement
    • Chapter 4 Modeling
    • Chapter 5 Consumer Mathematics
    • College Mathematics Resources
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    • Applied Calculus FAQs
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    • College Algebra FAQs
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