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Sandra Robinson made an investment of $11,118.39. From this investment, she will receive $1,000 annually for the next 15 years starting one year from now.
Sandra Robinson made an investment of $11,118.39. From this investment, she will receive $1,000 annually for the next 15 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 Sandra's investment be earning for her? (Hint: Use Table 4) (Round answer to O decimal places, e.g. 25%) Rate of interest %
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