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    Calculating Interest Rate

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    Find the interest rate implied by the following combinations of present and future values:

    Present Value - Years - Future Value
    $400 - 11 - 684
    $183 - 4 - $249
    $300 - 7 - $300

    © BrainMass Inc. brainmass.com June 3, 2020, 9:02 pm ad1c9bdddf
    https://brainmass.com/business/interest-rates/finding-interest-rate-163303

    Solution Summary

    This solution explains how to find the interest rate implied by following the given present and future values.

    $2.19

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