Question: ercises & Problems (10 pts.) Saved Help Exercise B-14 Interest rate on an investment LO P4 Algoe expects to invest $1,300 annually for 5 years

ercises & Problems (10 pts.) Saved Help Exercise B-14 Interest rate on an investment LO P4 Algoe expects to invest $1,300 annually for 5 years to yield an accumulated value of $7780.11 on the date of the last investment. For this to occur, what rate of interest must Algoe earn? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Annuity Payment Table Factor Interest Rate % $ 7,780.11 s rov 10 of 12 Next > w 30

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