Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following tal for an ordinary annuity stream: Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate % (Round to two decimal places.) $0.00 $580.00 $2,273.24 % (Round to two decimal places.) $16,708.36 $464.77 $0.00 16 $0.00 $1,941.91 $37,000.00 40 % (Round to two decimal places.) $1,305,012.58 $500.00 $0.00 100 % (Round to two decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following tal
for an ordinary annuity stream:
Number of
Annual
Annuity
Present Value
Payments or
Years
Future Value
Interest Rate
% (Round to two decimal places.)
$0.00
$580.00
$2,273.24
% (Round to two decimal places.)
$16,708.36
$464.77
$0.00
16
$0.00
$1,941.91
$37,000.00
40
% (Round to two decimal places.)
$1,305,012.58
$500.00
$0.00
100
% (Round to two decimal places.)
Transcribed Image Text:Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following tal for an ordinary annuity stream: Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate % (Round to two decimal places.) $0.00 $580.00 $2,273.24 % (Round to two decimal places.) $16,708.36 $464.77 $0.00 16 $0.00 $1,941.91 $37,000.00 40 % (Round to two decimal places.) $1,305,012.58 $500.00 $0.00 100 % (Round to two decimal places.)
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