Question
Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream:
Estimating the annual interest rate with an ordinary annuity.
Fill in the missing annual interest rates in the following table for an ordinary annuity stream:
Number of Payments or Years | Annual Interest Rate | Future Value | Annuity | Present Value | ||||
9 | ? | $0.00 | $500.00 | $2,386.01 | ||||
16 | ? | $19,225.41 | $490.57 | $0.00 | ||||
35 | ? | $0.00 | $1,863.83 | $39,000.00 | ||||
90 | ? | $1,116,225.11 | $700.00 | $0.00 |
Number of Payments or Years | Annual Interest Rate | Future Value | Annuity | Present Value | ||||
9 | enter your response here% (Round to two decimal places.) | $0.00 | $500.00 | $2,386.01 |
Part 2
16 | enter your response here% (Round to two decimal places.) | $19,225.41 | $490.57 | $0.00 |
Part 3
35 | enter your response here% (Round to two decimal places.) | $0.00 | $1,863.83 | $39,000.00 |
Part 4
90 | enter your response here% (Round to two decimal places.) | $1,116,225.11 | $700.00 | $0.00 |
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