If Colleen Mooney invests $4,527.13 now and she will receive $14,300 at the end of...
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If Colleen Mooney invests $4,527.13 now and she will receive $14,300 at the end of 17 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table 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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