Calculate the interest rate for the following present value, time and future value: PV=38,261; t=50; FV= 531,618 a) 10.50 b) 7.36 c) 5.40 d) 13.87
Calculate the interest rate for the following present value, time and future value: PV=38,261; t=50; FV= 531,618 a) 10.50 b) 7.36 c) 5.40 d) 13.87
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate the interest rate for the following present value, time and
PV=38,261; t=50; FV= 531,618
a) 10.50
b) 7.36
c) 5.40
d) 13.87
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