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If Colleen Mooney invests $9,610.38 now and she will receive $18,000 at the end of 16 years, what annual rate of interest will Colleen earn

If Colleen Mooney invests $9,610.38 now and she will receive $18,000 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.)

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