Safre
8 years ago
Who wants to help me with this one (simple?) homework question?
latest #22
Safre
8 years ago
I have the answer and all the work from the textbook; I just don't know if I'm solving this algebra question correctly.
Safre
8 years ago
Apparently I've forgotten how to algebra multiple fractions?
Safre
8 years ago
It's seriously no harder than that.
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FADE
8 years ago
the last time i multiplied fractions was doing the criss-cross thing of multiplying the bottom number of the first fraction with the top number of the second
FADE
8 years ago
and vice-versa
FADE
8 years ago
idk if that's still a thing?
Safre
8 years ago
Okay so what I need is for someone to show me how to solve for the variable"r." The correct answer is 13.65%; so 0.1365
Safre
8 years ago
Merry Ladymas
8 years ago
good lord
Safre
8 years ago
IRR is the answer. And we're setting that bottom line of equations to equalling zero.
FADE
8 years ago
oh yeah, no.
Merry Ladymas
8 years ago
what witchcraft are you up to
Safre
8 years ago
You don't actually have to read any of the text, I've included the answer and the work ... I just don't think I'm solving for r -- correctly. And I need to be able to do this by hand in an exam.
Safre
8 years ago
Mayalex: Lady47: THIS IS THAT CORPORATE FINANCE COURSE I'VE BEEN WHEEZING ABOUT ALL SUMMER.
Safre
8 years ago
IT'S SO MUCH WORK AND SO HARD.
Merry Ladymas
8 years ago
I'm so sorry
Safre
8 years ago
Lady47: hahah thanks. I'm trying to finish all this course's homework this weekend so I can focus on actually trying to learn stuff. (not the greatest approach but only thing doable for me)
Safre
8 years ago
since I've gotta teach this all to myself.
Safre
8 years ago
So i'm right now 3 weeks ahead (BUT NOT AT ALL PREPARED FOR THE EXAM or any of the big projects)
FADE
8 years ago
good luck :< i fail at even the most basic of maths so i applaud you.
Safre
8 years ago
Mayalex: thanks. but i feel like people should be wishing me godspeed instead hahaha
Merry Ladymas
8 years ago
godspeed
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