(Compound value solving for r?) At what annual rate would the following have to be? invested?...

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Finance

(Compound value solving for r?) At what annual rate would thefollowing have to be? invested? a. ?$500 to grow to ?$1 comma052.43 in 11 years b. ?$290 to grow to ?$460.19 in 6 years c. ?$50to grow to ?$1 comma 082.24 in 22 years d. ?$216 to grow to?$289.06 in 5 years

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aInformation provided Present value 500 Future value 105243 Time 11 years The interest rate is calculated by entering the below in a financial calculator PV 500 FV 105243 N 11 Press the CPT key and IY to compute the interest rate The value See Answer

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(Compound value solving for r?) At what annual rate would the following have to be? invested?...

50.1K

Verified Solution

Question

Finance

(Compound value solving for r?) At what annual rate would thefollowing have to be? invested? a. ?$500 to grow to ?$1 comma052.43 in 11 years b. ?$290 to grow to ?$460.19 in 6 years c. ?$50to grow to ?$1 comma 082.24 in 22 years d. ?$216 to grow to?$289.06 in 5 years

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