SOLUTION: 5,000/(1+r)to the fifth power equals $3917.63. Please help solve for r.
Money to invest = $3917.63
term is 5 years
yield sum of $5,000
what is interest rate
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-> SOLUTION: 5,000/(1+r)to the fifth power equals $3917.63. Please help solve for r.
Money to invest = $3917.63
term is 5 years
yield sum of $5,000
what is interest rate
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Question 212457: 5,000/(1+r)to the fifth power equals $3917.63. Please help solve for r.
Money to invest = $3917.63
term is 5 years
yield sum of $5,000
what is interest rate Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! 5,000/(1+r)to the fifth power equals $3917.63. Please help solve for r.
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1+r = 1.05
r = 5%
