SOLUTION: hi there, here is my question �883.61 = �1040/(1 + i2)2. Solving for i2 we get 8.489 per cent as the two-period spot rate how do I solve for i2?, can you please show me all t

Question 957790: hi there, here is my question
�883.61 = �1040/(1 + i2)2. Solving for i2 we get 8.489 per cent as the two-period spot rate
how do I solve for i2?, can you please show me all the steps?
thank you!!!
Tony
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!

I'm assuming the 2 is an exponent in each case in the denominator.

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