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Posted on May 07, 2024

Maria Quick made an investment of $ 1 3 , 6 9 5 . 1 7 . From this investment, she will receive $ 1

Maria Quick made an investment of $

13, 695.17 .

From this investment, she will receive $

1, 600

annually for the next

15

years starting one year from now.

Click here to view the factor table

What rate of interest will Maria

s investment be earning for her?

(

Hint: Use Table

4 .) (

For calculation purposes, use

5

decimal places as displayed in the factor table provided. Round answer to

0

decimal places, e

.

. 25 % .)

Rate of interest

enter the rate of interest in percentages rounded to

0

decimal places

%

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