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Bill Padley expects to invest $ 6 , 0 0 0 for 6 years, after which he wants to receive $ 8 , 0 4

Bill Padley expects to invest $6,000 for 6 years, after which he wants to receive $8,040.60. 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 places.)
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