Checkpoint 3 Answers

1. This is the original equation multiplied through by `M`.

2. We subtracted `ln(P_0/(M-P_0))` from each side.

3. The difference of logs is the log of the quotient.

4. We exponentiated both sides of the equation.

5. We multiplied across by `P_0(M-P_0)`.

6. We expanded the product on the right-hand side.

7. We gathered the terms with `P` as a factor together on the left-hand side and factored `P` out.

8. We divided both sides by `M-P_0+P_0e^(Mkt)`.