Solve for the unknown interest rate in each of the following: Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Present Value $ 800 990 23,500 78.800 Years 7 8 19 22 Interest Rate % % % Future Value $ 1,551 1,888 150,332 329,815
Solve for the unknown interest rate in each of the following: Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Present Value $ 800 990 23,500 78.800 Years 7 8 19 22 Interest Rate % % % Future Value $ 1,551 1,888 150,332 329,815
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
Problem 1PS
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Transcribed Image Text:Solve for the unknown interest rate in each of the following:
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.
Present Value
$
800
990
23,500
78.800
Years
7
8
19
22
Interest Rate
%
%
%
%
Future Value:
$
1,551
1,888
150,332
329,815
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