Question: Hello, Can someone please help me with this question and also add in the steps and formulas? Thank you so much, greatly appreciated :) Maria
Hello,
Can someone please help me with this question and also add in the steps and formulas?
Thank you so much, greatly appreciated :)
Maria Miller made an investment of $22,818.24. From this investment, she will receive $3,000 annually for the next 15 years starting one year from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What rate of interest will Maria's investment be earning for her? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25\%.) Rate of interest %
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