Everydaylearner
New member
- Joined
- Dec 27, 2021
- Messages
- 21
Hey guys I hope this is in the right spot. I'm working on a Break Even Point equation for finance. I found this similar problem....
(fv÷pv)=((1+r)^4)
=> ($25000 / $11000) = ((1 + r) ^ 4)
=> 2.27272727 = ((1 + r) ^ 4)
=> 1 + r = 1.22782601
=> r = 0.2278601
=> r = 0.2279 = 22.79%
My question is about the highlighted area above. What process/formula do I need to use to get 2.27272727 to equal 1.22782601? Thank you in advance!
(fv÷pv)=((1+r)^4)
=> ($25000 / $11000) = ((1 + r) ^ 4)
=> 2.27272727 = ((1 + r) ^ 4)
=> 1 + r = 1.22782601
=> r = 0.2278601
=> r = 0.2279 = 22.79%
My question is about the highlighted area above. What process/formula do I need to use to get 2.27272727 to equal 1.22782601? Thank you in advance!