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Jones expects an immediate investment of $74,594.80 to return $14,000 annually for nine years, with the first payment to be received one year from now.

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Jones expects an immediate investment of $74,594.80 to return $14,000 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 decimals.) Present value Annuity payment -Table Factor Interest Rate

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