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Posted by Edward on Thursday, October 27, 2011 at 2:01am.

Can you show how to solve 1.8667 = (1+r)^5

take the 5th root of both sides 1.8667^(1/5( = [ (1+r)^5]^(1/5) use your calculator ... 1.13296 = 1+r r = .13296

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