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Algoe expects to invest $1,400 annually for 5 years to yield an accumulated value of $7,891.94 on the date of the last investment. For this
Algoe expects to invest $1,400 annually for 5 years to yield an accumulated value of $7,891.94 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.)
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