This Question: 1 pt 6 o1 14(11 complete) This Quiz: 14 pts Estimating the annual

Question

This Question: 1 pt 6 o1 14(11 complete) This Quiz: 14 pts Estimating the annual interest rate with an ordinary annuity. Fll in the missing annual interest rates in the following table for an ordinary annuity strean Annual Interest Rate Future Valu Annuity Present Value Years 2,219.89 $0.00 $1,98259 $39,00000 $0.00 $0.00 22,220.16 $000 $640.00 398.57 18 45 80 $631,2983 650.00 Nurmber of nnual Interest Rate Future Yalu ent Valoe Payments or Years 10 18 45 80 $0.00 $22,220 16 50.00 631 298.73 5640 00 $398 57 $1,982.59 $650.00 $2 .219.89 $0.00 $39.000 00 $0.00 % (Round to two decimal places ) %Round to two decimal places % Round to two decimal places) Round to two decimal places.)

Explanation / Answer

use rate function in Excel to determine the annual interest rate for each

a. 25.96%

b. 12.00%

c,4.33%

d. 5.00%

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