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Posted on Jun 06, 2024

When solving for the expected interest, I am stuck on moving from .0615 = i + [(i) * (.02)] to .0615 = i * (1

When solving for the expected interest, I am stuck on moving from

.0615 = i + [(i) * (.02)] to .0615 = i * (1 + .02)

What happened to the extra i? and how did we get a 1?

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