Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations...

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Finance

Solve for the unknown interest rate in each of the following:(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)
Present Value Years Interest Rate Future Value
$ 785 4 % $ 1,521
975 5 1,858
22,000 16 148,832
77,300 19 326,815

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4.4 Ratings (1057 Votes)

1Information provided Present value 785 Future value 1521 Time 4 years Interest rate is calculated by computing the yield to maturity The yield to maturity is calculated by entering the below in a financial calculator PV 785 FV 1521 N 4 Press the CPT key and IY to compute the yield to maturity The See Answer

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Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations...

80.2K

Verified Solution

Question

Finance

Solve for the unknown interest rate in each of the following:(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)
Present Value Years Interest Rate Future Value
$ 785 4 % $ 1,521
975 5 1,858
22,000 16 148,832
77,300 19 326,815

Answer & Explanation Solved by verified expert

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Present Value			Years		Interest Rate		Future Value
	$	785		4		%		$	1,521
		975		5					1,858
		22,000		16					148,832
		77,300		19					326,815

Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations...

80.2K

Verified Solution

Question

Finance

Solve for the unknown interest rate in each of the following:(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)Present ValueYearsInterest RateFuture Value$7854%$1,52197551,85822,00016148,83277,30019326,815

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Transcribed Image Text

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Solve for the unknown interest rate in each of the following:(Do not round intermediate calculations and enter youranswers as a percent rounded to 2 decimal places, e.g.,32.16.)
Present Value Years Interest Rate Future Value
$ 785 4 % $ 1,521
975 5 1,858
22,000 16 148,832
77,300 19 326,815