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Exercise B-7 Interest rate on an investment LO P3 Jones expects an immediate investment of $37.29740 to return $7,000 annually for nine years, with the

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Exercise B-7 Interest rate on an investment LO P3 Jones expects an immediate investment of $37.29740 to return $7,000 annually for nine years, with the first payment to be received one year from now. What rate of interest must Jones earn? PV of $1. EVO SI. PVA of S1, and EVA of $9 (Use appropriate factorul from the tables provided. Round "Table Factor" to 4 decimal placos.) Present Value Annulty Payment Tablo Factor Interest Rate Ned>

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