Economy: $14,780 was invested, from which can be withdrawn a geometric gradient series of annual...
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Accounting
Economy:
$14,780 was invested, from which can be withdrawn a geometric gradient series of annual payments decreasing at the rate of 10% per year. The first payment received was $4,000, and it occurred one year after the investment, followed by the remaining five payments ( a total of 6 withdrawals ). what is the rate of interest earned from this investment?
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