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(Compound value solving for r?) At what annual rate would the following have to be? invested?...

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Finance

(Compound value solving for r?) At what annual rate would thefollowing have to be? invested? a. ?$500 to grow to ?$1 comma052.43 in 11 years b. ?$290 to grow to ?$460.19 in 6 years c. ?$50to grow to ?$1 comma 082.24 in 22 years d. ?$216 to grow to?$289.06 in 5 years

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4.3 Ratings (646 Votes)
aInformation provided Present value 500 Future value 105243 Time 11 years The interest rate is calculated by entering the below in a financial calculator PV 500 FV 105243 N 11 Press the CPT key and IY to compute the interest rate The value    See Answer
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