Interest rate or discount rate. Fill in the interest rate for the following table using one of the three methods below:
a. Use the interest rate formula, r=(FV/PV) ^1/n -1
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
|
|
$ 465.16
|
$1,907.86
|
18
|
?
|
|
$17,198.07
|
$235,730.65
|
30
|
?
|
|
$34,428.78
|
$63,739.58
|
26
|
?
|
|
$27,764.91
|
$222,120.78
|
13
|
?
|
|
Present Value
|
Future Value
|
Number of Periods
|
Interest Rate
|
|
$ 465.16
|
$1,907.86
|
18
|
% (Round to two decimal places
|