Interest rates or discount
rates.
Fill in the interest rates for the following table using one of the three methods below:
a. Use the interest rate formula,
r=FVPV1n−1.
b. Use the TVM keys from a calculator.
c. Use the TVM function in a spreadsheet.
Present Value
|
Future Value
|
Number of Periods
|
Interest Rate
|
|
$ 493.61
|
$ 1,902.61
|
20
|
?
|
|
$17,077.77
|
$228,416.84
|
32
|
?
|
|
$34,251.51
|
$ 63,755.61
|
24
|
?
|
|
$26,813.61
|
$212,279.67
|
10
|
?
|
Present Value
|
Future Value
|
Number of Periods
|
Interest Rate
|
|
$ 493.61
|
$ 1,902.61
|
20
|
nothing%
(Round to two decimal places.) |
|
$17,077.77
|
$228,416.84
|
32
|
nothing%
(Round to two decimal places.) |
|
$34,251.51
|
$ 63,755.61
|
24
|
nothing%
(Round to two decimal places.) |
|
$26,813.61
|
$212,279.67
|
10
|
nothing%
(Round to two decimal places.) |
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