Question: If Cullumber Mooney invests $ 5 , 0 3 9 . 2 1 now and she will receive $ 1 1 , 0 0 0

 If Cullumber Mooney invests $5,039.21 now and she will receive $11,000

If Cullumber Mooney invests $5,039.21 now and she will receive $11,000 at the end of 16 years, what annual rate of interest will Cullumber earn on her investment? (Hint: Use Table 3.)(Round answer to 0 decimal places, e.g.25%.)
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
Annual rate of interest %
at the end of 16 years, what annual rate of interest will

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