Question
Problem 5-4 Calculating Interest Rates [LO3] Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers
Problem 5-4 Calculating Interest Rates [LO3]
| Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): |
| Present Value | Years | Interest Rate | Future Value | |||||||
| $ | 320 | 3 | % | $ | 384 | |||||
| 440 | 17 | 1,411 | ||||||||
| 47,000 | 18 | 234,893 | ||||||||
| 46,261 | 20 | 438,339 | ||||||||
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
