I know an index of 1.18404 for the

Dumaen80p3

Dumaen80p3

Answered question

2022-03-29

I know an index of 1.18404 for the equation "1.18404=(1+i)4", but not how to solve for i.

Answer & Explanation

clarkchica44klt

clarkchica44klt

Beginner2022-03-30Added 17 answers

Step 1
You have 1.18404=(1+i)4
Now, take the fourth root of each side
1.184044=1+i
So now, 1.184044=1.0431=1+i
Then i=0.0431=4.31%

Adan Berry

Adan Berry

Beginner2022-03-31Added 12 answers

Step 1
If (1+i)4=1.18404,
then 1+i=1.1840414, so
i=1.18404141=0.0431.

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