1.06=(1+r)5

Solution for 1.06=(1+r)5 equation:

1.06=(1+r)5

We move all terms to the left:

1.06-((1+r)5)=0

We add all the numbers together, and all the variables

-((r+1)5)+1.06=0


We calculate terms in parentheses: -((r+1)5), so:

(r+1)5

We multiply parentheses

5r+5

Back to the equation:

-(5r+5)


We get rid of parentheses

-5r-5+1.06=0

We add all the numbers together, and all the variables

-5r-3.94=0

We move all terms containing r to the left, all other terms to the right

-5r=3.94

r=3.94/-5

r=-2.0309278350515/2.5773195876289