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Brief Exercise A-18 If Colleen Mooney invests $6,558.30 now and she will receive $10,500 at the end of 12 years, what annual rate of interest
Brief Exercise A-18 If Colleen Mooney invests $6,558.30 now and she will receive $10,500 at the end of 12 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Present value of 1 factor table.) (Round answer to O decimal places, e.g. 25%.) Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest
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