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Bill Padley expects to invest $ 1 3 , 0 0 0 for 8 years, after which he wants to receive $ 1 6 ,
Bill Padley expects to invest $ for years, after which he wants to receive $ What rate of interest must Padley earn?
PV of $ FV of $ PVA of $ and FVA of $Use appropriate factors from the tables provided. Round "Table Factor" to decimal
places.
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