the solve feature of my calculator says
50 + 50 + 1050 = 1000.89
1+i (1+i)2 (1+i)3
I know i should equal 4.9762%, but when I complete this equation I keep getting 3.962. Can someone please help me with this equation by showing the steps involved? Thank you so much!
If you really want to learn how to solve cubic equations exactly, I suggest you read this...