yield to maturity
- To: mathgroup at smc.vnet.net
- Subject: [mg41721] yield to maturity
- From: "Jonathan Mann" <mtheory at msn.com>
- Date: Mon, 2 Jun 2003 04:35:27 -0400 (EDT)
- Sender: owner-wri-mathgroup at wolfram.com
Hi group,
I need to solve for r in an equation of the form:
Sum[I/(1+r)^t, {t,1,n}] + M/(1+r)^n ]==P
For example's sake, let's say:
Solve[ Sum[ 45/(1+r)^t ,{t,1,5}] + 1000/(1+r)^5 == 913, r]
This isn't working out too well. Any ideas?
Thanks,
Jonathan Mann