Question: Solving for I / Y means solving for the interest rate that balances the present and future values of a lump sum across n years
Solving for IY means solving for the interest rate that balances the present and future values of a lump sum across n years using this formula:
IIFVnPVnFVnPVn
What interest rate is required to make $ grow to $ in five years?
Enter the data into your calculator:
NPVPMTFV
Solve for IY by pressing CPT IY
IY
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