Homework Answers
Answer = 4.50 %
The interest rate to Accumulate the 8000 to 11,967.33 for 9 year
8000 = 11,967/(1+r)^36
PV Factor = 8000/11,967.33 = 0.668486621
Interest Rate At PV Factor = 1.125%
For annuam = .125*4 = 4.5%
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