- #1
- 5
- 0
solve for i.... Pleas help.
Nvm I figured it out.
Nvm I figured it out.
Last edited:
After you get to this equation...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