Unknown Interest Rates
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Calculating Interest Rates.
I am trying to solve the unknown interest rates for each of the following:
Present Value Years Interest rate Future Value
$715 6 $1381
$905 7 $1718
$15,000 18 $141,832
$70,000 21 $312,815
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Unknown Interest Rates
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We use the FV formula FV = PV(1+r)^n, where FV is future value, pv is ...
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