Question: Compute the interest rate if future value (FV) = $6,335, present value (FV) = $3,575, and number of years (t) = 7.
Compute the interest rate if future value (FV) = $6,335, present value (FV) = $3,575, and number of years (t) = 7.
Step by Step Solution
3.40 Rating (156 Votes )
There are 3 Steps involved in it
To compute the interest rate we can use the formula for compoun... View full answer
Get step-by-step solutions from verified subject matter experts
