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Hi! can someone help me answer this question? Brief Exercise G-19 If Colleen Mooney invests $6,246.18 now and she will receive $10,000 at the end
Hi! can someone help me answer this question?
Brief Exercise G-19 If Colleen Mooney invests $6,246.18 now and she will receive $10,000 at the end of 12 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. (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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