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At what the annual rate would the following have to be invested? a. $520 to grow to...

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Finance

At what the annual rate would the following have to beinvested?

a. $520 to grow to $1,483.62 in 11 years ?

b. $280 to grow to $479.87 in 7 years ?

c. $50 to grow to $363.17 in 19 years ?

d. $216 to grow to $289.06 in 5 years ?

At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.

Answer & Explanation Solved by verified expert
4.2 Ratings (624 Votes)
aInformation provided Present value 520 Future value 146362 Time 11 years The annual rate is calculated by computing the yield to maturity Enter the below in a financial calculator to compute the annual rate PV 520 FV 146362 N 11 Press the CPT key and IY to compute the annual    See Answer
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Transcribed Image Text

At what the annual rate would the following have to beinvested?a. $520 to grow to $1,483.62 in 11 years ?b. $280 to grow to $479.87 in 7 years ?c. $50 to grow to $363.17 in 19 years ?d. $216 to grow to $289.06 in 5 years ?At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.

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