Question: Brief Exercise 5 - 9 ( Algo ) Present value; solving for unknown; single amount [ LO 5 - 4 ] You have an investment
Brief Exercise Algo Present value; solving for unknown; single amount LO
You have an investment opportunity that promises to pay you $ in four years. Suppose the opportunity requires you to invest $ today.
What is the interest rate you would earn on this investment?
Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Enter your answer rounded to the nearest whole percentage. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
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