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88=(5.5)/(1+p)^30
 Nov 23, 2013
 #1
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88=(5.5)/(1+p)^30

It should first be noted that p cannot be equal to -1

88(1+p)^30 = 5.5

(1+p)^30 = (5.5/88)

noe take both sides to the power of 1/30 and you can finish it.
 Nov 24, 2013

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