Bisection method The formula relating present worth P annual

Bisection method

The formula relating present worth P, annual payments A, number of years n, and interest rate i is: If you buy a $25,000 piece of equipment for nothing down at S5,500 per year for 6 years, use the bisection method (i.e., the bisect.m file provided in class) to determine what interest rate you are paying. Append the software\'s printouts and the m.file of your function.

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