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Interest rates or discount rates. Fill in the interest rates for the following table, LOADING......

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Question

Finance

Interest rates or discount

rates.

Fill in the interest rates for the following table,

LOADING...

, using one of the three methods below:a.Use the interest rate formula,

r=FVPV1n1.

b.Use the TVM keys from a calculator.

c.Use the TVM function in a spreadsheet.

Present Value

Future Value

Number of Periods

Interest Rate

$553.25

$1,887.77

20

6.336.33%

(Round to two decimal places.)

$17,885.82

$223,221.45

30

8.788.78%

(Round to two decimal places.)

$34,928.01

$62,522.79

22

2.682.68%

(Round to two decimal places.)

$26,342.17

$218,999.61

13

nothing%

(Round to two decimal places.)

Answer & Explanation Solved by verified expert
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