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Exercise B-4 Interest rate on an investment LO P2 Bill Padley expects to invest $12,000 for 4 years, after which he wants to receive $15,729.60.

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Exercise B-4 Interest rate on an investment LO P2 Bill Padley expects to invest $12,000 for 4 years, after which he wants to receive $15,729.60. 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.) Future Value P resent Value Table Factor Interest Rate %

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