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?

Calculate the interest rates in the table below using the Excel Rate function. Present Value Years Future Value Interest Rate $850 10 $1,380 ? $900 14 $1,750 ? $16,000 25 $142,000 ? $70,500 16 $312,500 ?