Amanda Tevis made an investment of $9,128.55. From this investment, she will receive $1,000 annually for the

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Amanda Tevis made an investment of $9,128.55. From this investment, she will receive $1,000 annually for the next 20 years starting one year from now. What rate of interest will Amanda’s investment be earning for her?

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 11:24 AM

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Amanda Tevis made an investment of $9,128.55. From this investment, she will receive $1,000 annually for the

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Present value Annuity amount X Present value of an annuity factor 9128...View the full answer

Accounting Tools for Business Decision Making

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