F(x) = $x ^ { 5 }$ + X - 3 Has a Zero Between 1 and 3

question 61

Short Answer

f(x) = $x ^ { 5 }$ + x - 3 has a zero between 1 and 2 .
Use two repetitions of the Newton-Raphson algorithm to approximate this zero with $x _ { 0 } = 1$ Enter just a real number rounded off to two decimal places.

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Definitions:

Consumer Price Index

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The total return anticipated on a bond if the bond is held until it matures, considering all interest payments and its current price.

Forward Rate

The agreed-upon interest rate for a financial transaction that will take place in the future, mainly used in the context of currencies and bonds.

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A bond that matures in one year, often used for short-term investment strategies.