Google Answers: interest rates over a period of time

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Q: interest rates over a period of time ( No Answer, 2 Comments )

Question

Subject: interest rates over a period of time
Category: Business and Money > Finance
Asked by: jean31-ga
List Price: $2.00

Posted: 12 Apr 2006 15:33 PDT
Expires: 12 May 2006 15:33 PDT
Question ID: 718327

You need $5000. at the end of a 7 year period the interest rates are
11% during this time what was the starting amount?and how did you get
this number?

Answer

There is no answer at this time.

Comments

Subject: Re: interest rates over a period of time
From: owejessen-ga on 12 Apr 2006 17:01 PDT

Have a look at the lecture's script - it should be in the vincinity of
the cover page.

Subject: Re: interest rates over a period of time
From: rxman-ga on 12 Apr 2006 17:27 PDT

$2408.292054 = $5000/1.11^7

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