I would like to understand how to solve for r in this problem.

2773=1000(1+r)^36

I know that r=.0287 but I do not understand how to solve with the exponents. Do I use Ln?(Headbang) and how is that done? Thanks

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- September 13th 2008, 01:36 PMSmoriginalWhat is the math behind this?
I would like to understand how to solve for r in this problem.

2773=1000(1+r)^36

I know that r=.0287 but I do not understand how to solve with the exponents. Do I use Ln?(Headbang) and how is that done? Thanks - September 13th 2008, 01:47 PMShyam
- September 13th 2008, 02:47 PMSmoriginal
ahh I see. Thanks so much!!