Question
Problem 4-4 Calculating Interest Rates [LO 3] Solve for the unknown interest rate in each of the following (Enter rounded answers as directed, but do
Problem 4-4 Calculating Interest Rates [LO 3] Solve for the unknown interest rate in each of the following (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16)):
| Present Value | Years | Interest Rate | Future Value |
| $770 | 5 | % | $1491 |
| 960 | 6 | % | 1828 |
| 20500 | 17 | % | 147332 |
| 75800 | 20 | % | 323815 |
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Risk Sharing Finance
Authors: Bakkali Mirakhor, Saad Abbas
1st Edition
3110590468, 978-3110590463
