Lawrence21236

[Lawrence21236]

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Thanks for responding… For the 2nd line you’re showing: 103/97.07 = (1+r)^2. I’m still a little confused. How did you get this line? I “thought” that you would have to multiply both sides by ((1+r)^2) / 1 to arrive at 103 (1+r)^2 = 97.07 (1+r)^2. But I know that’s not right.

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