hello,

My professor submitted this solution to a problem where we have to solve for the interest rate. My question is how exactly did they solve for i? I understand the set up, but how exactly do I go about solving for i.

Edit: can you show me how to do it with a regular TI-30X calculator? If that is too long and complicated excel works. Thanks. I am trying to study over my past homework assignments.

Thank you.

OP=805,00 A- ss0 1060 Mounds i-? $25,000 = $500 [fore ] Socce Fax i = 0.6183 %. Mauryle Rare (0.61837)(z) - 7.404 Nominae Alarame Rate