Computing the interest rates in given case

Reference no: EM1327357

Warren has $2000 today. Using the Time Value of Money equations, not Excel functions, do the following using compound interest:

a. Determine the interest rate for Warren if $2,500 is returned one year later.

b. Determine the rate if $2,500 will be returned in 5 years?

Reference no: EM1327357

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