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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