Determine interest rate used in computing project balance

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Reference no: EM131915087

Consider the project balances for a typical investment project with a service life of four years.

The 'An' for years 0 through 4 are: ($)

-8,000

3,241

The project balance at the end of the given years (n = 0 through 4) are: ($)

-8,000

-8,700

-7,300

-4,700

751

Determine the interest rate used in computing the project balance. Enter your answer as a percentage between 0 and 100.

Reference no: EM131915087

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