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Ken Francis is offered the possibility of investing $5,502 today, in return, he would receive $11,000 after 9 years. What is the annual rate of

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Ken Francis is offered the possibility of investing $5,502 today, in return, he would receive $11,000 after 9 years. What is the annual rate of interest for this investment? (Py of $1. EV OL $1. PVA of $1, and EVA of $1 (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number) Present Value 1 Future Value P (PV of a Single Interest Rate Amount) %

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