You buy a Php 20,000.00 piece of equipment for nothing down and Php 4,000.00 per year for 6 years. What interest rate are you paying? The formula relating present worth P, annual payment A, number of years n, and interest rate i is i(1 + i)" P(1 + i)" − 1 Use Bisection Method. Terminate the computation when Za < 0.0005%. A = P-
You buy a Php 20,000.00 piece of equipment for nothing down and Php 4,000.00 per year for 6 years. What interest rate are you paying? The formula relating present worth P, annual payment A, number of years n, and interest rate i is i(1 + i)" P(1 + i)" − 1 Use Bisection Method. Terminate the computation when Za < 0.0005%. A = P-
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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NUMERICAL SOLUTIONS (Methods in solving Non-linear equations.)
UPVOTE WILL BE GIVEN. Please write the complete solutions legibly and completely. No long explanation needed. Answer in 2 decimal places. Box the final answer.
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