SOLUTION: 60=[400/(1+r)^3]

Question 333908: 60=[400/(1+r)^3]
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
60=[400/(1+r)^3]
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(1+r)^3 = 400/60
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(1+r)^3 = 20/3
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1+r = (20/3)^(1/3)
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r = (20/3)^(1/3) - 1
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Cheers,
Stan H.
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