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Question 15 In a book named Treasure, the reader has to figure out where a 2.2 pound, 24 kt gold horse has been buried. If
Question 15 In a book named Treasure, the reader has to figure out where a 2.2 pound, 24 kt gold horse has been buried. If the horse is found, a prize of $30,977 a year for 20 years is provided. The actual cost to the publisher to purchase an annuity to pay for the prize is $269,500. What interest rate (to the nearest percent) was used to determine the amount of the annuity? (Assume end-of-year payments.) (Round factor values to 5 decimal places, e.g. 1.25124. Round answer to the nearest whole dollar, e.g. 5,275.) Click here to view factor tables Interest rate Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 3 used SUBMIT
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