I have a formula which cannot be expressed in terms of y.
fv = (p (1 + r) (-1 + (1 + r)^m) ((1 + r)^(m y) - (1 + x)^y))/ (r (-1 + (1 + r)^m - x)) + c (1 + r)^(m y)
I'd like to solve it numerically with some kind of matrix operation.
r = 0.05/12 m = 12 p = 1000 x = 0.03 c = 2000 fv = 92988.93
Can this be done with linear algebra, or is an iterative approach necessary?
Wolfram Alpha is not giving any clues for a matrix solution. Maybe some gradient descent program is required.