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Algoe expects to invest $1,000 annually for 25 years to yield an accumulated value of $54,864.50 on the date of the last investment. For this

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Algoe expects to invest $1,000 annually for 25 years to yield an accumulated value of $54,864.50 on the date of the last investment. For this to occut, what rate of interest must Algoe earn? (PV of \$1. EV of \$1. PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

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