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John has an investment opportunity that promises to pay him $19,229 in four years. Suppose the opportunity requires John to invest $16,437 today. (FV of

John has an investment opportunity that promises to pay him $19,229 in four years. Suppose the opportunity requires John to invest $16,437 today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD 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.) image text in transcribed

Solve for i Present Value: n = i = Future Value

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