sorry brain cramp can you help ?

FRA equation killing me reading 48 question 9 derivs

(1 + .0595) = (1 + .0570) (180 /360) (1 +x )

Solve for x – please show your work –

(1 + .0595) = (1 + .0570) (180 /360) (1 +x )

  1. Simplify 1.0595 = 0.5285 (1+x)

  2. Solve for x by dividing both sides by 0.5285 : 2.0047 = (1+x)

  3. Then subtract 1 to yield : x = 1.0047

??

and the formula is wrong…

Should be (1 + .0595) = ( (1 + ( 0.0570 *(180 /360) ) ) * (1 +x )

elcoelhon

right thanks for clearing up