Ken Francis is offered the possibility of investing $5,502 today; in return, he would receive...
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Accounting
Ken Francis is offered the possibility of investing $5,502 today; in return, he would receive $11,000 after 9 years. What is the annual rate of interest for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number.) Present Value Future Value p (PV of a Single Amount) Interest Rate %
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