How do you solve for i = interest when finding ROR EX. 539,250=15,000(1+i)^30 I am able...

How do you solve for i = interest when finding ROR

EX. 539,250=15,000(1+i)^30

I am able to use a calculator but I do not know how to solve

Present value=539k

Future valuse=15k

years(n) = 30

Solutions

Expert Solution

complete answer is given in picture. Give it a thumbs up Thank you

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

Hi, I am not able to find the correct steps and answers to solve this problem....

Hi, I am not able to find the correct steps and answers to solve this problem. Please help. Thanks! A bank offers your firm a revolving credit arrangement for up to $61 million at an interest rate of 1.48 percent per quarter. The bank also requires you to maintain a compensating balance of 2 percent against the unused portion of the credit line, to be deposited in a noninterest-bearing account. Assume you have a short-term investment account at the bank...

Hello, I am working on an assignment but I am unsure of how to solve it....

Hello, I am working on an assignment but I am unsure of how to solve it. Please help me. The assignment details are below. Consider this scenario: Your friend starts a website, nothingbutflags.com, which is not making money. Your friend asks you to help generate more traffic. You ask your friend how much traffic the website had last month? And your friend replies and says only 500 visits. You also ask how many flags did you sell? Your friend replies...

Hello, I am working on an assignment but I am unsure of how to solve it....

describe a situation when you were able to be a visionary, good communicator, etc.? I am...

describe a situation when you were able to be a visionary, good communicator, etc.? I am a big fan of: show, don't tell: instead of saying that you, for example, have a great product, showcase those great features.

I'm not sure if I am able to do these in excel, but if so what...

I'm not sure if I am able to do these in excel, but if so what are the functions for them? (2 pts) The weights of 8-week-old French Bulldog puppies follow a normal distribution. What percent of puppies weigh more than 2.35 standard deviations below the mean? (4 pts) If a Chevy Trailblazer lasts for an average of 170,000 miles and a standard deviation of 25,000 miles, assuming mileage follows a normal distribution, what is the probability that the Trailblazer...

I have homework on this but I am not sure how to solve it and which...

I have homework on this but I am not sure how to solve it and which formula to use in excel, can u please help me Rebecca is considering buying a 2019 Genesis G70 costing $37,900 and finds that the retaining values of the vehicle over the next four years are as follows: Percent of the total value retained after 24 months: 71% Percent of the total value retained after 48 months: 53% If her interest rate is 5% compounded...

This is the first question and I know how to solve this one, but I am...

This is the first question and I know how to solve this one, but I am confused by the second one (The admissions office of a small, selective liberal-arts college will only offer admission to applicants who have a certain mix of accomplishments, including a combined SAT score of 1,300 or more. Based on past records, the head of admissions feels that the probability is 0.58 that an admitted applicant will come to the college. If 500 applicants are admitted,...

I am investing $15,000 today in an account providing 8% annual interest compounded quarterly. Identify the...

I am investing $15,000 today in an account providing 8% annual interest compounded quarterly. Identify the details below that I need in order to determine how much money I will have in 3 years. What table must I use to find the relevant factor? Future value of single-sum Present value of single-sum Future value of ordinary annuity Present value of ordinary annuity What is the interest rate to find the relevant factor? What are the number of periods (n) to...

Does anyone know how to solve this question? I am so lost. Thank you! You are...

Does anyone know how to solve this question? I am so lost. Thank you! You are studying the source of new virus that has recently infected humans. You suspect that the virus was transferred from other primates (they exhibit a similar infection), specifically chimpanzees, gorillas, or orangutans. You sample blood from several infected humans and sequence some viral genes. You then build a phylogenetic tree with the human sequences and all the known strains from each primate. Draw a hypothetical...

The text is too large so I am not able to provide you with the text....

The text is too large so I am not able to provide you with the text. That is why I have provided a direct link for my assignment. Thank you https://www.researchgate.net/publication/271271253_Gut_microbiota_composition_correlates_with_changes_in_body_fat_content_due_to_weight_los I need to answer these questions on it. List TWO sources other than those listed in the periodicals, that you could refer to if you were to research the article’s topic further. (1 point) 8. Did you learn anything interesting (diet related) that may cause you to alter your...

Subjects