Question: Problem 4-4 Calculating Interest Rates Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations. Enter your answers as
Problem 4-4 Calculating Interest Rates
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 | ||||||||
| $ | 150 | 5 | % | $ | 188 | ||||||
| 270 | 19 | 733 | |||||||||
| 30,000 | 20 | 131,051 | |||||||||
| 29,261 | 30 | 539,172 | |||||||||
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