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Calculating Interest Rates with Present and Future Value

Calculate the interest rates for:
a. PV=$250; FV=$307; t=3 years
b. PV=$425; FV=$761; t=9 years
c. PV=$25,000 FV=$136,771; t=15 years
d. PV=$40,200; FV=$255,810; t=30 years

Solution Preview

Calculate the interest rates for:
a. PV=$250; FV=$307; t=3 years

You can solve the interest rate by using the following ...

Solution Summary

This solution is comprised of a detailed explanation to calculate the interest rates for the problems given.

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