11 0.59 points Algoe expects to invest $2,500 annually for 15 years to yield an accumulated...
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11 0.59 points Algoe expects to invest $2,500 annually for 15 years to yield an accumulated value of $67,880.25 on the date of the last investment. For this to occur, what rate of interest must Algoe earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) eBook Future Value Annuity Payment = Table Factor Interest Rate % 11 0.59 points Algoe expects to invest $2,500 annually for 15 years to yield an accumulated value of $67,880.25 on the date of the last investment. For this to occur, what rate of interest must Algoe earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) eBook Future Value Annuity Payment = Table Factor Interest Rate %
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