Interest rate used in computing project balance

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Reference no: EM131957974

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

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

-12,000

1,556

The symbol '--' represents missing numbers, not 0.

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

-12,000

-9,900

-5,500

-4,400

194

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

Reference no: EM131957974

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