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Jones expects an immediate investment of $ 6 3 , 9 3 8 . 4 0 to return $ 1 2 , 0 0 0
Jones expects an immediate investment of $ to return $ annually for nine years, with the first payment to be received
one year from now. What rate of interest must Jones earn? PV of $ FV of $ PVA of $ and FVA of $Use appropriate factors
from the tables provided. Round "Table Factor" to decimal places.
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