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The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future

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The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations If a security currently worth $2,000 will be worth $2,938.66 five years in the future, what is the implied interest rate the investor will earn on the security-assuming that no additional deposits or withdrawals are made? O 8.00% 6.40% 1.47% 0.29% If an investment of $40,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $53,679.70-assuming that no additional deposits or withdrawals are made during this time Which of the following statements is true-assuming that no additional deposits or withdrawals are made? O It takes 14.21 years for $500 to double if invested at an annual rate of 5%. O It takes 10.50 years for $500 to double if invested at an annual rate of 5%

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