iac0b
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solve for i... Pleas help.
Nvm I figured it out.
Nvm I figured it out.
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After you get to this equation...iac0b said:Homework Statement
20,000= (1/(1+i)^5) * 35,247
Homework Equations
The Attempt at a Solution
Here is what I did. I divided both sides by 35,247 and got .5674241779= (1/(1+i)^5).
From here I converted 1/(1+i )^5 to (1+i)^5/2. I then multiplied the reciprocal of the exponent to both sides and ended up with i= .715...
Please help me solve for i
20,000/35247 = 1/(1+i)^5
take the 5th root of both sides. That will give you
(20000/35247)^(1/5) = 1/(1 + i)
Can you take it from there?
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