Back to Assignment Attempts: Score: /4 2. Problem 7-13 eBook Problem 7-13 An investment offers to pay you $11,000 a year for three years. If it costs $26,422, what will be your rate of return on the investment? Use Appendix D to answer the question. Round your answer to the nearest whole number. Interest Factors for the Present Value of an Annuity of One Dollar Time Period 0.- year) 1 2 3 4 5 10% 12% 14% 16% 18% 20% 24% 28% 32% 36% 0.990 0 980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1970 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.690 1.647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1981 1.868 1.766 1674 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 6 7 8 9 10 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4.623 4.486 4 355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2.399 6.728 6.472 6.230 6.0025.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4.039 3.812 3.605 3.242 2.937 2.678 2.455 7652 735 7020 6.733 6.463 6.210 5.971 5.747 5.535 5335 496 46394344 4078 3837 3.421 3076 2.786 2.540 8.566 8.1627 .786 7435 7.108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 9.471 8.983 8.530 8.111 7722 7.360 7024 6710 6.418 6.145 5.6505.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 11 12 13 14 15 10.368 9.787 9.253 8.760 8.306 7.887 7.499 71396.805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683 11.255 10.575 9.954 9.385 8.863 8.384 79437.536 7.1616.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 12.134 11 348 10 635 99869.39485348 358 7904 7487 7.103 6.4245842534249104533 3912342730402727 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 5.628 6.0025.468 5.008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7606 6.811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 14.718 12.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 78246.9746.265 5.669 5.162 4.730 4.0032503 3088 2.758 17 15 562 14 292 13.166 12. 166 11 274 10.477 9.763 9.122 8544 8.002 7.120 6.373 5.749 5.222 4.775 4,059 3.518 3097 2.763 18 1620 1699 1375412 659 11 690 10 28 10.05992728756 2017250 6.457 581 S2738120 52921757 19 17226 15 678 14.324 13 134 12085 11.158 10336 9.604 8950 8.365 73566.550 5.877531648444097 2589 109 2770 2018.046 16.351 14.877 13.590 12.462 11.470 10.5949.818 9.128 8.51474696.623 5.9295.353 4.870 4.110 3.546 3.113 2.772 25 22.023 19.523 17.413 15.622 14 094 12.783 11654 10 675 98239.07778436.8736 097 5.467 4918 4.147 35642122 2.776 30 25 808 22.937 19.600 17.292 15 373 13.765 12 409 11 258 10.274 9 427 8055700361775517 4.979416035693124 2.778