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Brief Exercise G-19 Colleen Mooney invest $9.990 58 now and she will receive $17,300 at the end of 14 years, what annual rate
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Answer #1

The annual rate of return is calculated using the RATE function;-

=RATE(nper,pmt,pv,fv)

=RATE(14,,-9990.58,17300)

=4.00%

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