Question: Problem 4 An A&E firm planning for a future expansion deposited $ 4 0 , 0 0 0 each year for 5 years into a

Problem 4
An A&E firm planning for a future expansion deposited $40,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return. If the account had a total of $451,000 immediately after the fifth deposit, what rate of return did the company make on these deposit? (Use trial and error and interpolation)
Problem 4 An A&E firm planning for a future expansion deposited

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