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Solve for i Pleas help.

  • Thread starter iac0b
  • Start date
  • #1
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solve for i.... Pleas help.

Nvm I figured it out.
 
Last edited:

Answers and Replies

  • #2
33,508
5,194


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
After you get to this equation...
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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