Pre-Calc/Chapter 3: Exponential and Log Functions/3.6 Mathematics of Finance
Solve the problem.Find the interest rate necessary for a present value of ...
Solve the problem.
Find the interest rate necessary for a present value of $15,458 to grow to a future value of $18,111.51 if interest is compounded quarterly for two years.]]>
1.0000000
0.3333333
0
true
true
abc
8%
Correct
12%
Incorrect
10%
Incorrect
6%
Incorrect