Solve for the unknown interest rate in each of the following

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
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Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

 

Present Value
Years
Interest Rate
Future Value
$
230
3
% $
269
350
17
972
38,000
18
163,663
37,261
20
300,405
Transcribed Image Text:Present Value Years Interest Rate Future Value $ 230 3 % $ 269 350 17 972 38,000 18 163,663 37,261 20 300,405
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