Question: Problem 4-4 Calculating Interest Rates [LO 3] Solve for the unknown interest rate in each of the following ( Enter rounded answers as directed, but

Problem 4-4 Calculating Interest Rates [LO 3]

Solve for the unknown interest rate in each of the following (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 745 4 % $ 1,441
935 5 % 1,778
18,000 16 % 144,832
73,300 19 % 318,815

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