(1+0.045)2-1
Add 1 and 0.045.
1.0452-1
Raise 1.045 to the power of 2.
1.092025-1
1.092025-1
Subtract 1 from 1.092025.
0.092025
Evaluate (1+0.045)^2-1
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Evaluate (1+0.045)^2-1