Use Newton's Method with the Specified Initial Approximation to Find

question 73

Essay

Use Newton's method with the specified initial approximation to find , the third approximation to the root of the given equation. (Give your answer to four decimal places.)

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Definitions:

Gross Profit Method

A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.

Retail Inventory Method

An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.

Perpetual Inventory

A system of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.