Use the Newton Method to Approximate the Indicated Zero of the Function

question 1

Short Answer

Use the Newton method to approximate the indicated zero of the function. Continue with the iteration until two successive approximations differ by less than 0.0001. Round your answer to five decimal places, if necessary.
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The zero of between and , .

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Definitions:

Offering Size

The total value or amount of securities, such as stocks or bonds, that are made available for sale in a public offering.

Gross Proceeds

The total amount of money received from a transaction before any deductions or expenses are subtracted.

Direct Private Long-term Debt Financing

A method of funding where companies borrow money directly from lenders on a long-term basis without public issuance through financial markets.

Public Issues

Refers to the offering of securities, like stocks or bonds, to the public to raise capital.