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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
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 2 decimal places, e.g., 32.16.)
| Present value | years | interest rate | % | Future value |
| 250 | 5 | % | 328 | |
| 370 | 19 | 1201 | ||
| 40000 | 20 | 210229 | ||
| 39261 | 30 | 948626 |
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
