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What is t in: 5300=22,500(1-.25)^t

 Oct 17, 2016
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This is generally the form of a financial equation where 't' is the number of time periods where the periodic  interest, i , (in this case -.25) is applied

5300/22500 = .75^t

Take log of both sides

-.627066 =  t log .75

t=5.025 time periods (whatever they are....weeks, months years etc)

 Oct 17, 2016

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