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Please answer every part to the question. Will upvote if correct and if done in the next hour. Thanks. Margaret Quick made an investment of
Please answer every part to the question. Will upvote if correct and if done in the next hour. Thanks.
Margaret Quick made an investment of $11,149.87. From this investment, she will receive $1,800 annually for the next 12 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 Margaret's investment be earning for her? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25%.) Rate of interest %Step by Step Solution
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