Here is my equation a = [P((1 + r)^n)r]/[(1 + r)^n - 1] I need to solve for "r" and I have absolutely no clue. I can not simply down to r, I keep getting stuck. Thanks in advance, any help would be appreciated.
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Originally Posted by Loaner Here is my equation a = [P((1 + r)^n)r]/[(1 + r)^n - 1] I need to solve for "r" and I have absolutely no clue. I can not simply down to r, I keep getting stuck. Thanks in advance, any help would be appreciated. do you mean $\displaystyle A = \frac {P[(1 + r)^n]r}{(1 + r)^n -1}$?
yes
Originally Posted by Loaner yes hmmm. it's very hard to solve that for r. are you sure (n - 1) isn't the power of (1 + r) in the denominator?
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