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If Colleen Mooney invests $3,200.93 now and she will receive $17,000 at the end of 16 years, what annual rate of interest will Colleen earn
If Colleen Mooney invests $3,200.93 now and she will receive $17,000 at the end of 16 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Present value of 1 factor table.) (Round answer to 0 decimal places, e.g. 25%.)
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