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Effective annual interest rate analyst use for future value

Problem:

If it were evaluated with an interest rate of 0%, a 10 year regular annunity would have a present value of $3755.50. If the future (compounded) value of this annuity, evaluated a year 10, is $5,440.22, what effective annual interest rate must the analyst be using to find the future value.

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Finance Basics: Effective annual interest rate analyst use for future value

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Finance Basics: Effective annual interest rate analyst use for future value

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