Question
Solve the unknown interest rate. Do not round intermediate calculations and round your final answer to 2 decimal places. Present Value Years Interest Rate Future
- Solve the unknown interest rate. Do not round intermediate calculations and round your final answer to 2 decimal places.
| Present Value | Years | Interest Rate | Future Value |
| $ 240 | 2 |
| $ 297 |
| 360 | 10 |
| 1080 |
| 15 |
| 185,382 |
| 38,261 | 30 |
| 531,618 |
The interest rate is calculating as per the formula FV = PV*(1+r) ^n
b.Solve the unknown number of years. Do not round intermediate calculations and round your final answer to 2 decimal places.
| Present Value | Years | Interest Rate | Future Value |
| $ 560 |
| 9% | $ 1,284 |
| 810 |
| 10 | 4,341 |
| 18,400 |
| 15 | 364,518 |
| 21,500 |
| 17 | 173.439 |
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Oregon Real Estate Practices Finance Law
Authors: Palmer, Frank
1st Edition
0324137710, 9780324137712
