1) Suppose you are given the following information: Years: 27 Present Value: $550,000 Future Value: $4,000,000 Calculate...
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Question:
1) Suppose you are given the following information:
Years: 27
Present Value: $550,000
Future Value: $4,000,000
Calculate the interest rate required on the investment. (Enter percentages as decimals and round 4 decimals)
2). Suppose you are given the following information:
Years: 10
Present Value: $100,000
Future Value: $175,000
Calculate the interest rate required on the investment. (Enter percentages as decimals and round 4 decimals)
Related Book For
An Introduction to the Mathematics of financial Derivatives
ISBN: 978-0123846822
2nd Edition
Authors: Salih N. Neftci
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