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QS B-2 (Algo) Interest rate on an investment LO P1 Ken Francis is offered the possibility of investing $7,743 today; in return, he would
QS B-2 (Algo) Interest rate on an investment LO P1 Ken Francis is offered the possibility of investing $7,743 today; in return, he would receive $19,500 after 12 years. What is the annual rate of interest for this investment? (PV of $1. EV of $1. PVA of $1, and EVA of $1) (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 Future Value P (PV of a Single Amount) Interest Rate :
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