# Finance

how do you take the fourth root? Please refer to the example below?

Using Amount = Present Value(1+i)^n
we do not know i.

249=183(1+i)^4
1.3606557=(1+i)^4
take the fourth root
1.0800331=1+i
giving you i=0.0080031
so the annual rate is 8%

1. 👍 0
2. 👎 0
3. 👁 73
asked by Albert

## Similar Questions

1. ### Calculus-Limits

i have no clue how to start it. rationalizing it seems to tedious. how do i do this thanks evaluate the limit as h -> 0 ((fourth root(3 + h) - 2(3+h) - fourth root(3) + 6))/h

asked by Liliana on April 29, 2013
2. ### algebra

6y fourth root radical 48x to the fifth power - 2x fourth root radical 243 xy to the fourth power - 4 to the fourth root radical 3x to the fifth power y to the fourth power = sorry. didn't know how to write it on here.

asked by whitney on March 4, 2009
3. ### Algebra

Let x, y, and z be positive numbers. What is the fourth root of the expression: 16x^8 * y^4 * z^16 What is a "fourth root"? Thank you! :-)

asked by Cassie on March 18, 2009
4. ### Algebra

Simplify ..... 1. the square root of the cube root of 49a^2z^4 2. the fourth root of (d-3e)^2 3. the square root of the the square root of 16b^12c^4

asked by Kim on July 14, 2013
5. ### Radical Expressions

How do you do radical expressions? Square root of 72. Cube root of 54. Fourth root of 96.

asked by Mary on November 21, 2010
6. ### Math

I can not find the solutions to the following problems using 2 methods: algebraically and geometrically. 1. X with the square root of 2 =9 2. X with the square root of 3 =27 3. X with the square root of 4 =27 --Note: Fourth root

asked by Doris on September 28, 2006
7. ### MATH

Which expression is the is a fourth root of -1+i sqrt3 1. the fourth root of 2 (cos(280 degrees)+i sin(280 degrees)) 2.the fourth root of 2 (cos(30 degrees)+i sin(30 degrees)) 3.the fourth root of 2 (cos(60 degrees)+i sin(60

asked by Lisa2020 on January 23, 2014
8. ### Calculus

Find the functions a) f o g, b) g o f, c) f o f, d) g o g, and their domains. f(x)= square root of x, g(x)= cube root of 1-x These are my answers, but I am not sure about them and I only figured out one domain... that is the part

asked by Chelsea on September 19, 2010
9. ### Calc

Find the functions a) f o g, b) g o f, c) f o f, d) g o g, and their domains. f(x)= square root of x, g(x)= cube root of 1-x These are my answers, but I am not sure about them and I only figured out one domain... that is the part

asked by Chelsea on September 20, 2010
10. ### MATH HELP

simplify: [fourth root(a^6)]-[2a(square root(a))] when a is greater than 0 solution: -a times(square root(a)) please explain thanks!

asked by anonymous on September 22, 2007

More Similar Questions