2. Jim buys a bond for $250 with a 8% return and a maturity of five years. How much total will Jim
1 answer:
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The answer is <span>2) (log5)3/(log5)8
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We will use the change-of-base formula:
So, if we want to write <span>log8 3 as a logarithm of base 5, </span> in these example a = 8, x = 3, b = 5:
</span>
We will use the change-of-base formula:
So, if we want to write <span>log8 3 as a logarithm of base 5, </span> in these example a = 8, x = 3, b = 5: