Question: Consider the project balances in the table below for a typical investment project with a service life of four years. An - $11,000 Project Balance

Consider the project balances in the table below for a typical

Consider the project balances in the table below for a typical investment project with a service life of four years. An - $11,000 Project Balance - $11,000 -9,500 -7,500 -6,500 100 2,050 4 (a) Determine the interest rate used in computing the project balance The interest rate is %. (Round to the nearest whole number.)

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