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Bill Padley expects to invest $11,000 for 9 years, after which he wants to receive...

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Accounting

Bill Padley expects to invest $11,000 for 9 years, after which he wants to receive $21,989.00. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Future Value $ 21,989.00 Present Value $ 11,000 Table Factor Interest Rate %
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Bill Padley expects to invest $11,000 for 9 years, after which he wants to receive $21,989.00. What rate of interest must Pacley earn? (PV of \$1. FV of \$1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places

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