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Sharon Quick made an investment of $20,853.52. From this investment, she will receive $2,900 annually for the next 15 years starting one year from now.
Sharon Quick made an investment of $20,853.52. From this investment, she will receive $2,900 annually for the next 15 years starting one year from now. Click here to view the factor table What rate of interest will Sharon's investment be earning for her? (Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 25\%.) Rate of interest %
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