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 $ 290 410 44,000 43,261 Years 3 17 18 20 Interest Rate % % % % Future Value $ 345 1,253 209,290 388,485
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 $ 290 410 44,000 43,261 Years 3 17 18 20 Interest Rate % % % % Future Value $ 345 1,253 209,290 388,485
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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Hw 3
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Step 1
Future value = FV
Present value = PV
Rate of interest = r
Time period = n
FV = PV *
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