Solve for y y=(1+0.07/1000)^1000-1

Math
y=(1+0.071000)1000-1
Simplify each term.
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Divide 0.07 by 1000.
y=(1+0.00007)1000-1
Add 1 and 0.00007.
y=1.000071000-1
Raise 1.00007 to the power of 1000.
y=1.07250555-1
y=1.07250555-1
Subtract 1 from 1.07250555.
y=0.07250555
Solve for y y=(1+0.07/1000)^1000-1

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