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Bill Padley expects to invest $24,000 for 6 years, after which he wants to receive $38,085.60. What rate of interest must Padley earn? (PV of

Bill Padley expects to invest $24,000 for 6 years, after which he wants to receive $38,085.60. 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 "Table Factor" to 4 decimal
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Bill Padiey expects 10 Invest $24,000 for 6 years, ofter which he wants to receive $38,085,60. What rate of interest must Padiey earn? (PV of S1, EV of S1. PVA of S1, and EVA of \$1) (Use appropriate factor(5) from the tables provided. Round "Table Factor" to 4 decimal places.)

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