Use the Change-Of-Base Formula and a Calculator to Evaluate the Logarithm

question 207

Short Answer

Use the Change-of-Base Formula and a calculator to evaluate the logarithm. Round your answer to two decimal places.
- $\log _ { ( 2 / 3 ) } 19$

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Definitions:

Contract Rate

The agreed upon rate of interest to be paid on a loan or financial transaction as outlined in a contract.

Premium

The amount by which the cost of a financial instrument or insurance policy exceeds its face value or principal.

Interest Expense

Financial obligations an entity must meet for the use of borrowed capital over a set period.

Interest Paid

The total amount of interest paid by the borrower to lenders over a specific period of time for the use of borrowed funds.