Pearl Willis will invest $34,700 today. She needs $101,920 in 14 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, eg. 7%.) Interest rate

Pearl Willis will invest $34,700 today. She needs $101,920 in 14 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, eg. 7%.) Interest rate

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 7CE

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Pearl Willis will invest $34,700 today. She needs $101,920 in 14 years.
Click here to view factor tables
What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%)
Interest rate
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