At what the annual rate would the following have to be invested? a. $520 to grow to...

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Finance

At what the annual rate would the following have to beinvested?
a. $520 to grow to $1,483.62 in 11 years ?
b. $280 to grow to $479.87 in 7 years ?
c. $50 to grow to $363.17 in 19 years ?
d. $216 to grow to $289.06 in 5 years ?
At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.

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4.2 Ratings (624 Votes)

aInformation provided Present value 520 Future value 146362 Time 11 years The annual rate is calculated by computing the yield to maturity Enter the below in a financial calculator to compute the annual rate PV 520 FV 146362 N 11 Press the CPT key and IY to compute the annual See Answer

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At what the annual rate would the following have to beinvested?a. $520 to grow to $1,483.62 in 11 years ?b. $280 to grow to $479.87 in 7 years ?c. $50 to grow to $363.17 in 19 years ?d. $216 to grow to $289.06 in 5 years ?At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.