6 Not Secure ezto.mheducation.com/hm.tpx RPI SIS Rensselaor Woom.. e Value of Mo

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6 Not Secure ezto.mheducation.com/hm.tpx RPI SIS Rensselaor Woom.. e Value of Money Blackboard Loam PearsonD Symbolab Math s... Question 2 (of 5) value: 5.00 points 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.): Years Interest Ratel Future Present Value S 280 Value $372 1,370 238,809 1,107,073 % 400 19 43,00020 42,261 30 HintsReferenceseBook & Resources Hint#1 Hint #2 Check my work

Explanation / Answer

Hello Sir/ Mam

I am using excel to find out the interest rates. If you want it in any other manner, let me now in the comments and I'll make the solution most suitable to you. Thanks!

I hope this solves your doubt.

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Present Value Years Future Value Interest Rate Formula Used $280.00 5 $372.00 5.85% =RATE(5,0,-280,372,0) $400.00 19 $1,370.00 6.69% =RATE(19,0,-400,1370,0) $43,000.00 20 $238,809.00 8.95% =RATE(20,0,-43000,238809,0) $42,261.00 30 $1,107,073.00 11.50% =RATE(30,0,-42261,1107073,0)

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