Question: Brief Exercise 5-5 (Static) Present value; solving for unknown; single amount [LO5-4] John has an investment opportunity that promises to pay him $16,000 in four

Brief Exercise 5-5 (Static) Present value; solving for unknown; single amount

Brief Exercise 5-5 (Static) Present value; solving for unknown; single amount [LO5-4] John has an investment opportunity that promises to pay him $16,000 in four years. Suppose the opportunity requires John to invest $13,200 today. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) What is the interest rate John would earn on this investment? (Round your interest rate to the nearest whole percentage.) Solve for i Present Value: n = 1 = Future Value

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