Question: Brief Exercise 5 - 9 ( Algo ) Present value; solving for unknown; single amount [ LO 5 - 4 ] You have an investment

Brief Exercise 5-9(Algo) Present value; solving for unknown; single amount [LO5-4]
You have an investment opportunity that promises to pay you $18,499 in four years. Suppose the opportunity requires you to invest $15,813 today.
What is the interest rate you would earn on this investment?
Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Enter your answer rounded to the nearest whole percentage. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

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