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Bill Padley expects to invest $16,000 for 3 years, after which he wants to receive...

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Accounting

Bill Padley expects to invest $16,000 for 3 years, after which he wants to receive $20,155,20. 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.
\table[[Future Value,,Present Value,,Table Factor,Interest Rate],[,+,,=,,%
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