Question: Using provided data, solve for interest rate. Use the N value when looking up the factor in the tables, Do NOT use the annual values.

Using provided data, solve for interest rate. Use the N value when looking up the factor in the tables, Do NOT use the annual values. Round the factor to four decimal places. Enter the interest rate as a percentage. Do not enter the interest rate as a decimal. Facts Eacts PV: Payment: Annual interest Rate: n: (Number of years) N. (Number of compounding periods) Compounded (n) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Table Method } \\ \hline Factor: & * & piv & 1 & PMT \\ \hline & . & & y & \\ \hline & & & & \\ \hline interest Rate: & * & & perperiod & \\ \hline Annual interest Rate: & & & peryear & \\ \hline \end{tabular}
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