Question: 8. 6.8 (a) Use tabulated factors and a spreadsheet function to determine the interest rate per period for the following rate of return equation. (b)

8. 6.8

(a) Use tabulated factors and a spreadsheet function to determine the interest rate per period for the following rate of return equation.

(b) Is it possible to use the RATE function to find i*? Why?

0 = −35,000 + 9000(P/A,i*,5) + 8000(P/F,i*,8).

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