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Bill Padley expects to invest $14,000 for 3 years, after which he wants to receive $16,206. What rate of interest must Padley earn? (PV of

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Bill Padley expects to invest $14,000 for 3 years, after which he wants to receive $16,206. 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 Single Amount) Interest Rate Future Value Present Value

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