Question
Solve for the unknown interest rate in each of the following (Do not include the percent signs (%). Enter rounded answers as directed, but do
Solve for the unknown interest rate in each of the following (Do not include the percent signs (%). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)):
| Present value | years | interest rate | future value |
| $795 | 6 | ? | $1541 |
| 985 | 7 | ? | $1878 |
| 23000 | 18 | ? | $149832 |
| 78300 | 21 | ? | $328815 |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
