present and future value

pattycake00 · #1 Jan 6, 2008, 11:39 AM

1. If you have 7.00 now and 8.10 in 3 years what is the effective annual interest rate?

2. If you have 9.00 now and 11.84 in 7 years what is the effective annual interest rate?

Show how you got the formula as I am a little confused on this as my excel buttons will not work.

Thank you

pattycake00 · Jan 6, 2008, 11:40 AM

show me how the formula is done



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