cancel this question 4. Calculating Interest Rates. the following: Solve for the unknown interest rate in...

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Answer 1

Answer #1

1.

Interest Rate = (1,381/715)^1/11 - 1 = 6.17%

2.

Interest Rate = (1,718/905)^1/8 - 1 = 8.34%

3.

Interest Rate = (141,832/15,000)^1/23 - 1 = 10.26%

4.

Interest Rate = (312,815/70,300)^1/16 - 1 = 9.78%

Answer 2

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