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How to use the formula to calculate the i? Please show me in handwriting clearly. Thank you. For example, in the case of the 25-year

image text in transcribed How to use the formula to calculate the i? Please show me in handwriting clearly. Thank you.

For example, in the case of the 25-year loan with yearly payments of $126, the yield to maturity that solves Equation 2 is 12%. $126 $126 $126 $126 $1000= + + 1+i (1+i)? + + (1+i) (1+1)3

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