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6736.76=5000(1+r)^24. What is r?

 Jan 31, 2015

Best Answer 

 #1
avatar+118608 
+5

$$\\6736.76=5000(1+r)^{24}\\
(6736.76/5000)=(1+r)^{24}\\
(6736.76/5000)^{1/24}=1+r\\
(6736.76/5000)^{1/24}-1=r\\
r=(6736.76/5000)^{1/24}-1\\$$

 

 

$${\left({\frac{{\mathtt{6\,736.76}}}{{\mathtt{5\,000}}}}\right)}^{\left({\frac{{\mathtt{1}}}{{\mathtt{24}}}}\right)}{\mathtt{\,-\,}}{\mathtt{1}} = {\mathtt{0.012\: \!500\: \!029\: \!732\: \!883}}$$

.
 Feb 1, 2015
 #1
avatar+118608 
+5
Best Answer

$$\\6736.76=5000(1+r)^{24}\\
(6736.76/5000)=(1+r)^{24}\\
(6736.76/5000)^{1/24}=1+r\\
(6736.76/5000)^{1/24}-1=r\\
r=(6736.76/5000)^{1/24}-1\\$$

 

 

$${\left({\frac{{\mathtt{6\,736.76}}}{{\mathtt{5\,000}}}}\right)}^{\left({\frac{{\mathtt{1}}}{{\mathtt{24}}}}\right)}{\mathtt{\,-\,}}{\mathtt{1}} = {\mathtt{0.012\: \!500\: \!029\: \!732\: \!883}}$$

Melody Feb 1, 2015

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