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Example 7 Investment The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value.

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Presentation on theme: "Example 7 Investment The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value."— Presentation transcript:

1 example 7 Investment The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? Chapter 4.4 2009 PBLPathways

2 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630?

3 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630?

4 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630?

5 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r

6 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

7 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

8 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

9 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

10 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

11 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

12 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y r [

13 The future value of $3000 invested for 3 years at rate r, compounded annually, is given
by What interest rate will give a future value of at least $3630? y (0.0656,3630) r [

14 What interest rate will give a future value of at least $3630?
The future value of $3000 invested for 3 years at rate r, compounded annually, is given by What interest rate will give a future value of at least $3630? y (0.0656,3630) r 0.0656 [


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