Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.., 32.16.) Present Value Years Interest Rate Future Value $ 181 8 % 24 317 335 13 % 1,080 48,000 11 % 185,382 40,353 25 % 531,618

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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Solve for the unknown interest rate in each of the following: (Do not round intermediate
calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
Present Value
Years
Interest Rate
Future Value
$
181
8
%
2$
317
335
13
1,080
48,000
11
%
185,382
40,353
25
%
531,618
Transcribed Image Text:Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value $ 181 8 % 2$ 317 335 13 1,080 48,000 11 % 185,382 40,353 25 % 531,618
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