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 $ 755 945 19,000 74,300 Years 6 7 18 21 Interest Rate % % % % Future Value $ 1,461 1,798 145,832 320,815
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 $ 755 945 19,000 74,300 Years 6 7 18 21 Interest Rate % % % % Future Value $ 1,461 1,798 145,832 320,815
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
$
755
945
19,000
74,300
Years
6
7
18
21
Interest Rate
%
%
%
%
Future Value
$
1,461
1,798
145,832
320,815
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