Question: Solving for an Interest Rate You are required to pay $5,000 for college fees for each of the next four years, and a not-quite-as-generous uncle

Solving for an Interest Rate You are required to pay $5,000 for college fees for each of the next four years, and a not-quite-as-generous uncle offers to give you $14,275 toward your college fees. What annual interest rate do you need to earn to allow you to invest the money and meet the four payments?

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142755000 2855 table value From Table 94 the value of 2855 for 4 periods corresponds with an interest rate of 15 N PERIODS 2 TEMAS CODINES STRO2 5282H ... View full answer

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