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Calculating Interest Rates Solve for the unknown interest rate in each of the following: Present Value Years...

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Finance

Calculating Interest Rates Solve for the unknown interest ratein each of the following:

Present Value Years Future Value

189 4 287

410 8 887

51,700 14 152,184

21,400 27 538,600

Answer & Explanation Solved by verified expert
4.4 Ratings (589 Votes)
1Information provided Present value 189 Time 4 years Future value 287 The interest rate is calculated by entering the below in a financial calculator PV 189 N 4 FV 287 Press the CPT key and IY to compute the interest rate The value obtained    See Answer
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Transcribed Image Text

Calculating Interest Rates Solve for the unknown interest ratein each of the following:Present Value Years Future Value189 4 287410 8 88751,700 14 152,18421,400 27 538,600

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