Question
In this part, calculate the interest rates. Use the Excel Rate function to compute the interest rates. In 2018, one of the first copper pennies
In this part, calculate the interest rates. Use the Excel Rate function to compute the interest rates.
- In 2018, one of the first copper pennies struck at the Philadelphia mint in 1793 was sold for $300,000. What was the rate of return on this investment? (6 Points)
- Calculate the interest rates in the table below using the Excel Rate function. (6 Points)
| Present Value | Years | Future Value | Interest Rate |
| $750 | 10 | $1,380 | ? |
| $900 | 12 | $1,750 | ? |
| $16,000 | 25 | $142,800 | ? |
| $70,500 | 16 | $312,900 | ? |
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Fintech In Islamic Finance Theory And Practice
Authors: Umar A. Oseni, S. Nazim Ali
1st Edition
1138494801, 978-1138494800
