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4 3.66 points Bill Padley expects to invest $20,000 for 11 years, after which he wants to receive $51,608. What rate of interest must Padley

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4 3.66 points Bill Padley expects to invest $20,000 for 11 years, after which he wants to receive $51,608. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round FV factor to 4 decimal places.) f (FV of a Interest Future Value Present Value Single Amount Rate

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