At what annual rate would the following have to be​ invested?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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At what annual rate would the following have to be​ invested?
 
a.
​$490
to grow to
​$963.90
in
10
years
b.
​$280
to grow to
​$557.92
in
8
years
c.
​$52
to grow to
​$419.24
in
20
years
d.
​$212
to grow to
​$268.25
in
6
years
 
 
 
a. At what annual rate would
​$490
have to be invested to grow to
​$963.90
in
10
​years?

 

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