Question: Chapter 5 , #3 Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a
Chapter 5 , #3
Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):
| Present Value | Years | Interest Rate | Future Value | |||||||
| $ | 330 | 4 | % | $ | 422 | |||||
| 450 | 18 | 1,571 | ||||||||
| 48,000 | 19 | 266,917 | ||||||||
| 47,261 | 25 | 803,425 | ||||||||
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