4 ms·
Ok let me be more explicit. This part $1,000,000^(1/3) = $100,000^(1/3)(1 + r) This simplifies to: $100 = (1 + r) makes absolutely no sense. The LHS s
by kevinventullo 4y ago
Ok let me be more explicit. This part
$1,000,000^(1/3) = $100,000^(1/3)(1 + r)
This simplifies to:
$100 = (1 + r)
makes absolutely no sense. The LHS should be not only unitless, but equal to the cube root of 10.
- readonthegoapp 4y agoyep, you right. i didn't pay any attention to the maths, just the outcome. but then i tried to do the maths myself and got hella confused. turns out i was doing "10^1/3" (3.33) in google instead of "10^(1/3)" (1.154). so, that's lame - i guess gpt got confused about how to handle the exponential algebra. so it ends up being something like: $1,000,000 = $100,000(1+r)^3 10 = (1+r)^3 10^(1/3) = (1+r) 2.154 = 1+r 1.154 = r R = 115%