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For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at the end of 8 years. What is the

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For an investment of $1,000 today, the Tiburon Finance Company is offering to pay you $1,600 at the end of 8 years. What is the annually compounded rate of interest? FVIFr,t = (1+r) FVIFA,n = (1+r)" - 1 r 1 1- PVIFrit (1+r)" PVIFArn = (1+r) r

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