Homework question Help

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Solve: 213.65 = 1000/(1+r)^21 (Show step by step)

Oct 23rd, 2017

Thank you for the opportunity to help you with your question!

213.65=1000/(1+r)^21

213.65=1000/21+r^21

213.65=1/21+r^21

213.65/1000=1/21+r^21

21+r^21(0.21365)=1

21(0.21365)+0.21365r^21

4.48665+0.21365r^21



Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 7th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 23rd, 2017
...
Oct 23rd, 2017
Oct 24th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer