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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
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.): Interest Rate % % 10 points Present Value Years 310 5 43019 46,000 20 45,261 30 Future Value $ 418 1,553 269,914 1,285,194 Print References Chapter 5 Homework Saved Assume that in January 2017, the average house price in a particular area was $313,200. In January 2001, the average price was $197,300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) points Annual increase in selling price % Print References A coin sold at auction in 2017 for $2,860,000. The coin had a face value of $5 when it was issued in 1787 and had previously been sold for $405,000 in 1972. points a. At what annual rate did the coin appreciate from its first minting to the 1972 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What annual rate did the 1972 buyer earn on his purchase? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) At what annual rate did the coin appreciate from its first minting to the 2017 sale? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Print References a. Rate of return from 1787 to 1972 Rate of return from 1972 to 2017 Rate of return from 1787 to 2017 c
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