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Interest rates or discount
rates.
Fill in the interest rates for the following table,
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, using one of the three methods below:a.Use the interest rate formula,
r=FVPV1n1.
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 | |
| $553.25 | $1,887.77 | 20 | 6.336.33% (Round to two decimal places.) | |
| $17,885.82 | $223,221.45 | 30 | 8.788.78% (Round to two decimal places.) | |
| $34,928.01 | $62,522.79 | 22 | 2.682.68% (Round to two decimal places.) | |
| $26,342.17 | $218,999.61 | 13 | nothing% (Round to two decimal places.) | |
Answer & Explanation
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