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Jones expects an immediate investment of $23,956 to return $6,000 annually for five years, with the first payment to be received one year from now.

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Jones expects an immediate investment of $23,956 to return $6,000 annually for five years, with the first payment to be received one year from now. What rate of interest must Jones earn? (PV of $1. FV of $1. PVA of $1 and FVA of $1) (Use appropriate factorfs) from the tables provided.) Present Value AnnuityOrdinary p (PV of an Interest Rate Payment Annuity)

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