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Dear Tutor, Please I need your help to solve this as soon as possiple. Thank you in advance. If Colleen Mooney invests $10,328.02 now and
Dear Tutor, Please I need your help to solve this as soon as possiple. Thank you in advance.
If Colleen Mooney invests $10,328.02 now and she will receive $18,600 at the end of 15 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Table 3.) (Round answer to o decimal places, e.g. 25%.) Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest % Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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