document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=143345>Question 143345</A>: <I><SPAN STYLE=\"word-break: break-all;\"> solving an algebra equation for an interest rate parity problem in finance...\r<BR>\n" );
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document.write( "1+.0413 = (4.9260)(1+k)(1/5.0110)\r<BR>\n" );
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document.write( "Solution given in my workbook gives k = 5.93%\r<BR>\n" );
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document.write( "I have tried every which way to compute the 3 multiplication terms which is where I'm going wrong and then trying to solve but I never get that answer? How do you solve?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #104336 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=104336\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1+.0413 = (4.9260)(1+k)(1/5.0110) <BR>\n" );
document.write( "Solution given in my workbook gives k = 5.93% <BR>\n" );
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document.write( "1.0413 = 4.9260(1+k)(0.1995609659..)<BR>\n" );
document.write( "1.0413 = (0.9830373179)(1+k)<BR>\n" );
document.write( "1+k = 1.059268027<BR>\n" );
document.write( "k = 0.059268027<BR>\n" );
document.write( "k = 5.9268027%<BR>\n" );
document.write( "Rounding to two decimal places you get 5.93%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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