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
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Solution Summary
This solution explains how to find the interest rate implied by following the given present and future values.
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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