AZ's dividend rose from $1 to $1.61 in five years. What has the dividend's annual rate of growth??

What will be an ideal response?


This is an example of future value. Solve for the interest factor:  $100(FVIF) = $161  The interest factor is $161/$100 = 1.61?Find 1.61 in the interest table for the future value of a dollar using five years. The growth rate is 10 percent. (PV = -100; N = 5; PMT = 0; FV = 161; I = ?; I = 9.99.)?

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