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The equation you should use is just a variation of the PV formula:
r = (FV/PV)1/t -1
r = ($3.20/$1.50)1/5 - 1
=
Solution
The equation you should use is just a variation of the PV formula:
r = (FV/PV)1/t -1
r = ($3.20/$1.50)1/5 - 1
=

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  • 1. The equation you should use is just a variation of the PV formula: r = (FV/PV)1/t -1 r = ($3.20/$1.50)1/5 - 1 = Solution The equation you should use is just a variation of the PV formula: r = (FV/PV)1/t -1 r = ($3.20/$1.50)1/5 - 1 =