Calculating Interest Rate
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Calculating Interest Rate. Find the interest rate implied by the following combinations of
present and future values:
Present Value Years Future Value
$400 11 $648
$183 4 $249
$300 7 $300
Please show me how you calculated the problem so I can do it for my paper. These are not the actual figures that I will use in my paper but will assist me in how to do it right. Thanks
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FV = PV (1+interest Rate)^years
648 = 400* (1+i)^11
(648/400) = ...
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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