archived_user
New member
- Jun 18, 2026
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Hi - I am drawing a comlete blank.
I know I can do the steps to get the answer (6.91%) on calc but want to understand this please.
Solving for r,
$1,000 + $3,165/(1+r) = $25/(1+r) + $4,500/(1+r)2
I know I can do the steps to get the answer (6.91%) on calc but want to understand this please.
Solving for r,
$1,000 + $3,165/(1+r) = $25/(1+r) + $4,500/(1+r)2