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If Kimberly Young invests $3.919.33 now and she will receive $ 12,300 at the end of 12 years, what annual rate of interest will Kimberly

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If Kimberly Young invests $3.919.33 now and she will receive $ 12,300 at the end of 12 years, what annual rate of interest will Kimberly earn on her investment? (Hint:Use Table 3.) (Round answer to O decimal places, eg, 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 % TABLE 3 Present Value of 1 5% (n) Periods 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 4% .96154 .92456 .88900 .85480 .82193 .79031 275992 73069 170259 67556 .64958 62460 460057 .57748 55526 53391 51337 49363 47464 45639 95238 90703 .86384 .82270 .78353 174622 -71068 .67684 64461 .61391 58468 55684 53032 50507 48102 45811 43630 41552 39573 37689 6% 94340 89000 83962 79209 .74726 .70496 .66506 .62741 59190 .55839 52679 49697 46884 44230 .41727 39365 37136 35034 33051 31180 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0,47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27615 0.25842 8% .92593 .85734 .79383 .73503 .68058 63017 -58349 -54027 50025 46319 42888 .39711 -36770 34046 31524 29189 27027 25025 23171 21455 9% 91743 .84168 477218 70843 64993 59627 54703 150187 46043 42241 38753 35554 32618 129925 27454 25187 23107 21199 .19449 17843 10% 90909 82645 .75132 .68301 .62092 56447 51316 46651 42410 38554 35049 31863 28966 .26333 23939 21763 19785 17986 16351 .14864 11% 190090 81162 73119 65873 59345 53464 48166 43393 39092 35218 31728 28584 25751 23199 20900 18829 .16963 15282 13768 12403 12% .89286 79719 71178 .63552 .56743 50663 45235 40388 36061 32197 .28748 25668 22917 20162 118270 16312 14564 13004 11611 10367 15% 86957 .75614 65752 57175 49718 43233 -37594 32690 28426 .24719 21494 18691 16253 14133 12289 10687 09293 .08081 .07027 06110

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