# Solve for i Pleas help.

solve for i.... Pleas help.

Nvm I figured it out.

Last edited:

Mark44
Mentor

## Homework Statement

20,000= (1/(1+i)^5) * 35,247

## 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...