Solve for the unknown interest rate in each of the following: Present Value Years Interest Rate Future Value $ 805 4 % $ 1,561 995 5 1,898 24,000 16 150,832 79,300 19 330,815 --------------------------------------------------------------------- For each of...

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Finance

Solve for the unknown interest rate in each of thefollowing:
Present Value Years Interest Rate Future Value
$ 805 4 % $ 1,561
995 5 1,898
24,000 16 150,832
79,300 19 330,815
---------------------------------------------------------------------
For each of the following, compute the future value: (Donot round intermediate calculations and round your answers to 2decimal places, e.g., 32.16.)

Present Value Years Interest Rate Future Value
$ 2,650 6 20 % $
9,453 19 8
99,305 13 13
237,382 29 3
------------------------------------------------------------------------------

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3.9 Ratings (614 Votes)

Part 1 Calculation of interest rates We need to calculate the interest rates for different given values Present value805 Years4 Future value1561 Now Future valuePresent value1interest rateNumber of years 15618051Interest rate4 15618051Interest rate4 1561805141Interest rate 1939130435141Interest rate 11800536591Interest rate 0180053659Interest rate Interest rate0180053659 or 1801 Rounded to two See Answer

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Solve for the unknown interest rate in each of thefollowing:Present ValueYearsInterest RateFuture Value$8054%$1,56199551,89824,00016150,83279,30019330,815---------------------------------------------------------------------For each of the following, compute the future value: (Donot round intermediate calculations and round your answers to 2decimal places, e.g., 32.16.) Present ValueYearsInterest RateFuture Value$2,650620%$9,45319899,3051313237,382293------------------------------------------------------------------------------

Present Value			Years		Interest Rate		Future Value
	$	805		4		%		$	1,561
		995		5					1,898
		24,000		16					150,832
		79,300		19					330,815