Joined: 15 Nov 2014 Age: 31 Gender: Male Posts: 320 Location: British Columbia
16 Dec 2014, 6:07 pm
C*(1.07)^L=B (1.07)^L=B/C Next, one will take the natural log of both sides. ln((1.07)^L)=ln(B/C) A couple of the rules of natural logs is that ln(a^c)=c*ln(a) and ln(a/c)=ln(a)-ln(c). Thus, we shall use those rule on the equations above. L*ln((1.07))=ln(B)-ln(C) L=[ln(B)-ln(C)]/ln(1.07)