Question: Consider the project balances in the table below for a typical investment project with a service life of four years. Project Balande -$14,000 -12,500 -

Consider the project balances in the table below for a typical investment project with a service life of four years. Project Balande -$14,000 -12,500 - 10,500 -8,500 100 A, -$14,000 2 3,470 (a) Determine the interest rate used in computing the project balance The interest rate is 11%. (Round to the nearest whole number.)

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