You are 25 years old and inherit $80,000 from your grandmother. If you wish to purchase a $143,250 boat to celebrate your 35th birthday, what compound annual rate of return must you earn? Use Appendix A to answer the question. Round your answer to the nearest whole number. Interest Factors for the Future Value of One Dollar 1 2 3 1.010 1020 1030 1040 0 0 1000 1061 1 OR 1020 1061 1092 1.125 1041 TOR 11261170 1051 104 1.159 1217 1.050 1.060 1070 1 1021124 1.145 1.158 1191 1.225 1.216 1.2621.311 1 276 1338 1.403 1.080 1.166 1.260 1.360 1.469 1.090 1.188 1.295 1.412 1.539 1.100 1.210 1.221 1.464 1611 1.611 1.120 1.254 1.405 1574 1.762 1.762 1.140 1.300 1.42 1689 1925 1925 1.150 1.322 1.521 1.749 2011 1.160 1.346 1.561 1.811 2100 1.180 1.392 1.643 1.939 2288 1.200 1.440 1.728 2.074 2.488 5 1587 1.714 1677 1820 6 10621126 1.194 1.265 1340 1.4191501 1072 1.149 1220 1216 1.407 1504 1.606 B ORB 1.172 267 1369 14771 .594 1718 o 1004 1.195 1.3051423 1551 1 69 1838 101 105 219 1 344 1 4 1679 1.791 1.067 1.772 1974 1949 2211 2.144 2.476 2.358 2.773 2 594 3.106 2.195 2 502 2853 2.252 3.707 2.313 2.660 3.059 3.518 4,046 2.436 2.826 2.278 3 803 4.411 2.700 3.186 3.750 4436 5.234 2.986 3.583 4200 5.160 6.192 1.999 2 159 2.172 2.367 11 116 1.243 1.384 1.5 19 1710 1.8OR 2.105 2332 2 580 121127 268 1426 1601 1.796 2012 2252 2518 2 812 13 118 1204 1.469 1665 1886 2132 2.410 2.7203066 14 1 149 1219 1.512 1.732 1.980 2261 25792937 2342 15 1.161 1.346 1.558 1.801 2.079 2.397 2.759 3.172 3.642 2.852 2 479 4.226 4.652 5.117 313 3.896 4.818 5350 5.936 2.452 4.262 549261536 8.86 3.7974.887 6.261 7076 7988 4.177 5.474 7.138 8.137 9.266 6.176 7.287 8.599 10.147 11.973 7430 8916 10.699 12.839 15.407 16 173 1373 1.605 1.873 2.183 2.540 2.952 17 1184 1.400 1.653 1.948 2.292 2.6933.159 18 1196 1.478 1.702 2.026 2407 2,854 3.380 19 1.208 1.457 1754 2.107 2.527 3.026 3.617 201220 1.486 1.806 2.191 2.653 3.207 3.870 3.426 3.700 3.996 4.316 4661 3.970 4328 4.712 5.142 5.604 4.595 5.054 5.560 6.116 6.728 6.130 6.866 7690 8.613 9.646 8.137. 9.358 10.748 9.276 10.761 12.468 10.575 12.375 14.463 12.056 14.232 16.777 13.743 16.367 19.461 14.129 16.672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 25 1.282 1641 2.094 2666 3.386 4.292 5.427 301348 1811 2.427 3.243 4.322 5.73 7612 6.848 8.623 10.835 17.000 26.462 10.063 13.768 17449 29.960 50.950 32.919 40.874 62.688 66.212 85.850 143.370 95.396 237.370