Logarithm Proof 18Feeb
1. **State the problem:**
We want to complete the proof for the formula
$$n = \log_{1+i} \left( \frac{iFV}{R} + 1 \right)$$
starting from the given equation:
$$R \times \frac{(1+i)^n - 1}{i} = FV$$
2. **Given equation:**
$$R \times \frac{(1+i)^n - 1}{i} = FV$$
3. **Multiply both sides by $\frac{i}{R}$:**
Multiply both sides by $\frac{i}{R}$ to isolate the term with the exponent:
$$\frac{i}{R} \times R \times \frac{(1+i)^n - 1}{i} = \frac{i}{R} \times FV$$
Simplify the left side:
$$\frac{i}{R} \times R \times \frac{(1+i)^n - 1}{i} = (1+i)^n - 1$$
So,
$$ (1+i)^n - 1 = \frac{iFV}{R} $$
4. **Add 1 to both sides:**
$$ (1+i)^n = \frac{iFV}{R} + 1 $$
5. **Apply the definition of logarithm:**
Taking logarithm base $1+i$ on both sides to solve for $n$:
$$ n = \log_{1+i} \left( \frac{iFV}{R} + 1 \right) $$
**Final answer:**
$$ n = \log_{1+i} \left( \frac{iFV}{R} + 1 \right) $$
This completes the proof.
Each step follows algebraic manipulation rules and the definition of logarithm to isolate $n$.