Question: Consider the project balances in the table below for a typical investment project with a service life of four years. An - $13,000 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 - $13,000 Project Balance -$13,000 11,500 -10,500 -9,500 100 2,470 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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