Jones expects an immediate investment of $$63,938\mathrm{.}40$ to return $$12,000$ annually for nine 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)($Use appropriate factor$($s$)$

from the tables provided. Round "Table Factor" to $4$ decimal places.$)$