Ask Question
13 May, 23:22

Time

Value

Today S400.00

After 1 year S416.00

After 2 year S432.64

After 3 year $149.95

After 4 year S467.95

After 5 year S486.67

The growth factor that can be used to multiply each value to determine the next value i

+1
Answers (1)
  1. 14 May, 01:20
    0
    There is a typo, After 3 year the value should be $494.95

    Growth rate = (486.67/400) ^1/5 - 1

    = 4 %
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Time Value Today S400.00 After 1 year S416.00 After 2 year S432.64 After 3 year $149.95 After 4 year S467.95 After 5 year S486.67 The ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers