Question: there are 2 seperate questions. the second question answer options are; 8.38 years, 4.5 years, .27 years, .3 years. The future value and present value
The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations If a security currently worth $9,200 will be worth $10,348.75 three years in the future, what is the implied interest rate the investor will earn on the security assuming that no additional deposits or withdrawals are made? 8.89% 0.37% @ 3.20% 4.00% for this investment to read If an investment of $45,000 is earning an interest rate of 4.00%, compounded annuall then it will take 3.38 years 3 value of $53,686.18-assuming that no additional deposits or withdrawals are made during this time
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