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Algoe expects to Invest $2,800 annually for 25 years to yleld an accumulated value of $204,696.52 on the date of the last Investment. For this

image text in transcribed Algoe expects to Invest $2,800 annually for 25 years to yleld an accumulated value of $204,696.52 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 approprlate factor(s) from the tables provlded. Round "Table Factor" to 4 decimal places.) Algoe expects to Invest $2,800 annually for 25 years to yleld an accumulated value of $204,696.52 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 approprlate factor(s) from the tables provlded. Round "Table Factor" to 4 decimal places.)

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