To solve for \( R \) in the equation
\[ \frac{1}{(1+R)^{27}} = 0.423660792 \]
let's first rewrite the equation to isolate \( (1 + R)^{27} \):
- Take the reciprocal of both sides:
\[ (1 + R)^{27} = \frac{1}{0.423660792} \]
- Calculate the right side:
\[ \frac{1}{0.423660792} \approx 2.36 \]
- Now you have:
\[ (1 + R)^{27} \approx 2.36 \]
- To solve for \( 1 + R \), take the 27th root of both sides:
\[ 1 + R = (2.36)^{1/27} \]
- Now calculate \( (2.36)^{1/27} \):
Using a calculator or computational software, you can find:
\[ (2.36)^{1/27} \approx 1.034 \]
- Now subtract 1 from both sides to solve for \( R \):
\[ R = (2.36)^{1/27} - 1 \]
Subtracting gives approximately:
\[ R \approx 1.034 - 1 \approx 0.034 \]
Thus, the value of \( R \) is about:
\[ R \approx 0.034 \text{ or } 3.4% \]
This means your solution for \( R \) is approximately \( 0.034 \) or \( 3.4% \).