Solve for the unknown interest rate in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Years $ 250 5 370 19 40,000 20 39,261 30 Interest Rate % Future Value $ 328 1,201 210,229 948,626

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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Solve for the unknown interest rate in each of the following (Do not round intermediate
calculations and round your final answers to 2 decimal places. (e.g., 32.16)):
Present Value Years
$ 250
5
370
19
40,000 20
39,261 30
Interest Rate
%
Future Value
$
328
1.201
210,229
948,626
Transcribed Image Text:Solve for the unknown interest rate in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Years $ 250 5 370 19 40,000 20 39,261 30 Interest Rate % Future Value $ 328 1.201 210,229 948,626
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