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Algoe expects to invest $1,900 annually for 15 years to yield an accumulated value of $47,745.10 on the date of the last investment. For

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Algoe expects to invest $1,900 annually for 15 years to yield an accumulated value of $47,745.10 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.) Future Value Annuity Payment Table Factor Interest Rate S 47,745.10 $ 1,900 %

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