Calculating Interest Rates Solve for the unknown interest rate in each of the following:
|
Present Value |
Years |
Interest Rate |
Future Value |
|
$ 265 |
3 |
$ 307 |
|
|
360 |
9 |
761 |
|
|
39,000 |
15 |
136,771 |
|
|
46,523 |
30 |
255,810 |