Question

Solve for the unknown interest rate in each of the following. (Do not round intermediate calculations...

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
$220 4 20.37 % $270
340 18 986
37,000 19 169,819
36,261 25 481,638

Homework Answers

Answer #1
Present Value Years Interest Rate Future Value
            220 4 5.25%             270
            340 18 6.09%             986
        37,000 19 8.35%       169,819
        36,261 25 10.90%       481,638
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