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9. What interest rate must be earned in order to grow a present value...

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Finance

9.

What interest rate must be earned in order to grow a present value of $20,000 into $25,000 5 years from today?

Enter your answer as a percentage rounded to 2 decimal places. An answer of 23.456 would be rounded to 23.46.

10.

How long will it take to grow a present value of $6,000 into a value of $17,000 at an interest rate of 8%?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

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