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Bill Padley expects to invest $ 2 3 , 0 0 0 for 4 years, after which he wants to receive $ 3 2 ,

Bill Padley expects to invest $23,000 for 4 years, after which he wants to receive $32,466.80. What rate of interest must Padley earn?
(PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.
\table[[Future Value,,Present Value,,Table Factor,Interest Rate],[,,,=,,%
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