P
Paapi
Member
Hi everyone,
So i noticed that there is a lot of interpolating to do to find a specific interest rate in almost all the past papers. However my question is how do you figure out which particular rate to try first?
For e.g
77.7378 = 5 a^(2)_20 + 100 V^20
in this example the examiners report have first tried i = 8%
How do you know that you should first try 8%???
So i noticed that there is a lot of interpolating to do to find a specific interest rate in almost all the past papers. However my question is how do you figure out which particular rate to try first?
For e.g
77.7378 = 5 a^(2)_20 + 100 V^20
in this example the examiners report have first tried i = 8%
How do you know that you should first try 8%???