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Your answer is incorrect. Nancy Jackson made an investment of $11,409.12. From this investment, she will receive $1.500 annually for the next 15 years
Your answer is incorrect. Nancy Jackson made an investment of $11,409.12. From this investment, she will receive $1.500 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 Nancy's investment be earning for her? (Hint: Use Table 4) (Round answer to O decimal places, e.g. 25%) Rate of interest 1 %
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
