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August 29, 2014

August 29, 2014

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

1.8667 = (1+r)^5

- Finance -
**Reiny**, Thursday, October 27, 2011 at 8:10amtake 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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