Mike have deposited $10,412 in a special account that has a guaranteed rate of return. If you withdraw $2,000 at the end of each year for 7 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to: (Ignore income taxes.)

Click here to viewExhibit 13B-1andExhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.(Round your intermediate calculations to 3 decimal places.)

Garrison 16e Rechecks 2017-12-15