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Old May 11th, 2008, 11:33 PM
ecstyle ecstyle is offline
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Default algebra equation

I am trying to solve for the variable i but I can't seem to do it. I've tried various ways but get totally lost towards the end.

Here is the equation:
(Note: x is not a variable, it indicates multiplication here)

10.5754 x i = 1 -[1/(1+i)^12]


I know that the answer is .02 or 2% but I can't seem to figure this out and its driving me crazy.

Any suggestions or help is greatly appreciated!
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