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=10Y(1+0.04)
We move all terms to the left:
-(10Y(1+0.04))=0
We add all the numbers together, and all the variables
-(10Y(1.04))=0
We calculate terms in parentheses: -(10Y(1.04)), so:We add all the numbers together, and all the variables
10Y(1.04)
We multiply parentheses
10.4Y
Back to the equation:
-(10.4Y)
-(+10.4Y)=0
We get rid of parentheses
-10.4Y=0
Y=0/-10.4
Y=0
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