Question: How do I break this down using algebra. I keep getting the wrong answer. $41.04 = [($1.31 (1 + g )] / (.112 - g
How do I break this down using algebra. I keep getting the wrong answer.
$41.04 = [($1.31 (1 + g)] / (.112 - g)
g = .0776, or 7.76 percent
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