Question
Lisa Anderson made an investment of $26,621.28. From this investment, she will receive $3,500 annually for the next 15 years starting one year from
Lisa Anderson made an investment of $26,621.28. From this investment, she will receive $3,500 annually for the next 15 years starting one year from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What rate of interest will Lisa's investment be earning for her? (Hint: Use Table 4.) (Round answer to O decimal places, eg 25%) Rate of interest %
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
978-0538473637
