Question: 3 View Policies Current Attempt in Progress In a book named Treasure the reader has to figure out where a 2.2 pound, 24 kt gold

 3 View Policies Current Attempt in Progress In a book named

3 View Policies Current Attempt in Progress In a book named Treasure the reader has to figure out where a 2.2 pound, 24 kt gold horse has been buried. If the horse is found, a prize of $ 27,067 a year for 20 years is provided. The actual cost to the publisher to purchase an annuity to pay for the prize is $ 284.200. What interest rate to the nearest percent) was used to determine the amount of the annuity? (Assume end-of-year payments.) (Round factor values to 5 decimal places, eg. 1.25124. Round answer to the nearest percent, eg. 5.) Click here to view factor tables Interest rate % Suve for Later Attempts: 0 of 1 used Submit

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