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Solution: p = 0.6 The equation above solves to 0.6. I need a step-by-step on how to get there. Solution: p = 0.6 The equation

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Solution: p = 0.6

The equation above solves to 0.6. I need a step-by-step on how to get there.

Solution: p = 0.6 The equation above solves to 0.6. I need a step-by-step on how to get there.96.27 = 100/(1.05)^1/4 (p 100/1.055)^1/2 + (1 - p) 100/(1.05)^1/2) = 100/(1.05)^1/4 (p. 97.358 + (1 - p) middot 97.59)

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