An amount of $350,000 is borrowed for a period of 30 years at an interest rate of 5.5%. The amortization schedule for this
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The inverse of this function would be f(x) = .
You can find the value of any inverse function by switching the f(x) and the x value. Then you can solve for the new f(x) value. The end result will be your new inverse function. The step-by-step process is below.
f(x) = - 6 ----> Switch f(x) and x
x = - 6 ----> Add 6 to both sides
x + 6 = -----> Take the logarithm of both sides in order to get the f(x) out of the exponent
Log(x + 6) = f(x)Log2 ----> Now divide both sides by Log2
= f(x) ----> And switch the order for formatting purposes.
f(x) =
And that would be your new inverse function.