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Joanne Quick made an investment of $10,387.78. From this investment, she will receive $1,600 annually for the next 12 years starting one year from now.

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Joanne Quick made an investment of $10,387.78. From this investment, she will receive $1,600 annually for the next 12 years starting one year from now. What rate of interest will Joanne's investment be earning for her? { Use Table 4.)

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