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y=2(1+0.024)^1
We move all terms to the left:
y-(2(1+0.024)^1)=0
We add all the numbers together, and all the variables
y-(2(1.024)^1)=0
We add all the numbers together, and all the variables
y-2.048=0
We move all terms containing y to the left, all other terms to the right
y=2.048
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