SOLUTION: Please help me solve this equation: {{{(1 + x/12)^12 -1 = .259303}}}

Question 416939: Please help me solve this equation:
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Please help me solve this equation:

add 1 to both sides:

= .100130238
=
= .00834418
find the anti-log of both sides (10^x)
1 + = 1.01934
= 1.01934 - 1
= .01934
Multiply both sides by 12
x = .23279
:
:
Check this in a calc: enter: (1 + (.23279/12))^12 - 1 results: .2593
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