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John has an investment opportunity that promises to pay him $14,500 in four years. Suppose the opportunity requires John to invest $11,062 today. (EV
John has an investment opportunity that promises to pay him $14,500 in four years. Suppose the opportunity requires John to invest $11,062 today. (EV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What is the interest rate John would earn on this investment? (Round your interest rate to the nearest whole percentage.) Solve for i Present Value: 11 1 = Future Value:
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