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Need help: 1 . Solve for the unknown interest rate in each of the following: ( Do not round intermediate calculations and enter your answers
Need help:
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 decimal places, eg
Present Value:
$
$
$
$
Years
Future Value
$
$
$
$
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During Sothebys sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $ Unfortunately for the previous owner, he had purchased it in at a price of $ What was his annual rate of return on this sculpture? A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter.
Solve for the unknown number of years in each of the following: Do not round intermediate calculations and round your answers to decimal places, eg
Present Value:
$
$
$
$
Intertest Rate
Future Value
$
$
$
$
You're trying to save to buy a new $ Ferrari. You have $ today that can be invested at your bank. The bank pays percent annual interest on its accounts. How long will it be before you have enough to buy the car? Do not round intermediate calculations and round your answer to decimal places, eg
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