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Daily Archives: August 20, 2012
In a previous post, “The Municipal Bond Fiasco – Who Are The Lenders?“, I wondered who would be dumb enough to loan money to US municipalities on the verge of bankruptcy. Today, Robert Wenzel of EconomicPolicyJournal.com, wrote a post describing … Continue reading
Theorem: . Proof: Let . Notes: 1. We used the following trigonometric identity: 2. We used the result: 3. We also invoked the continuity of the cosine function in the last step of the proof.