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Problem 3: Calculating Interest Rates. For each of the following, solve for the unknown interest rate: Present Value ($) Years Interest Rate Future Value ($) Points 3 a -500.00 4 ? 600.00 2.5 3 b -675.00 9 ? 1,200.00 2.5 3 c -12,500.00 12 ? 85,000.00 2.5 3 d -55,000.00 24 ? 1,200,000.00 2.5

Problem 3: Calculating Interest Rates. For each of the following, solve for the unknown interest rate: Present Value ($) Years Interest Rate Future Value ($) Points 3 a -500.00 4 ? 600.00 2.5 3 b -675.00 9 ? 1,200.00 2.5 3 c -12,500.00 12 ? 85,000.00 2.5 3 d -55,000.00 24 ? 1,200,000.00 2.5

Essentials Of Investments
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
Section: Chapter Questions
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Problem 3: Calculating Interest Rates. For each of the following, solve for the unknown interest rate: Present Value ($) Years Interest Rate Future Value ($) Points 3 a -500.00 4 ? 600.00 2.5 3 b -675.00 9 ? 1,200.00 2.5 3 c -12,500.00 12 ? 85,000.00 2.5 3 d -55,000.00 24 ? 1,200,000.00 2.5
Transcribed Image Text:Problem 3: Calculating Interest Rates. For each of the following, solve for the unknown interest rate: Present Value ($) Years Interest Rate Future Value ($) Points 3 a -500.00 4 ? 600.00 2.5 3 b -675.00 9 ? 1,200.00 2.5 3 c -12,500.00 12 ? 85,000.00 2.5 3 d -55,000.00 24 ? 1,200,000.00 2.5
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