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If Linda Dahl invests $3,271 now, she will receive $9,200 at the end of 12 years. What annual rate of interest will Linda earn
If Linda Dahl invests $3,271 now, she will receive $9,200 at the end of 12 years. What annual rate of interest will Linda earn on her investment? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to O decimal places, e.g. 52%.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Rate of interest %
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
