Ken Francis is offered the possibility of investing $8,280 today; in return, he would receive $20,500 after 8 years. What is the annual rate of interest for this investment? (PV of $1. FV of $1, PVA of $1, and FVA of $1) Note: 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 1 p (PV of a Single Interest Rate Amount) %

Ken Francis is offered the possibitity of investing $8,280 today; in return, he would recelve $20,500 after 8 years. What is the annual rate of interest for this investment? (PV of $1, EV of $2. PVA of $1, and EVA of $1) Note: Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentoge onswer to the nearest whole number