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Waterway Mooney invests $4.963.88 now and she will receive $12,500 at the end of 12 years, what annual rate of interest will Waterway earn on
Waterway Mooney invests $4.963.88 now and she will receive $12,500 at the end of 12 years, what annual rate of interest will Waterway earn on her investment? (Hint: Use Table 3.) (Round answer to decimal places, e.g. 25%.) Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) % Annual rate of interest
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