Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

how did you get the 1.2547?? what did you do to the equation to get that number Question: I divided 1.37 by 1.09 and am

how did you get the 1.2547?? what did you do to the equation to get that number

image text in transcribed

Question: I divided 1.37 by 1.09 and am not getting the answer which is 1... I divided 1.37 by 1.09 and am not getting the answer which is 12.01%. I know i have a math error can you please write out the steps how they got this [1 + z3]= [1+z2]? [1 + $1,2] (1 + 0.11)3= (1 +0.09)1 [1 +f1,2]"; f1,2 = 12.01% Show transcribed image text Expert Answer Manjur answered this 55 answers Was this answer helpful? Bo po I think you may be missing to square root the answer Rate answer here. (1+0.1119 = (1+0.09,4 x [1 + f2.212 1.37 = 109 x [1 + f2.212 1.2547 = [1 + f2.212 Square Root of (1.2547) = 1 +f1,2 1.1201 = 1 +f1.2 f12 = 11201 - 1 f = 12.01% View comments (1) >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

HSBA Handbook On Ship Finance

Authors: Schinas

2015th Edition

3662434091, 978-3662434093

More Books

Students explore these related Finance questions

Question

Different types of Grading?

Answered: 3 weeks ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 3 weeks ago

Question

Discuss the scope of financial management.

Answered: 3 weeks ago