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March 28, 2017

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

  • Finance - ,

    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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