What is the interest rate

Reference no: EM132075886

Question: What's the interest rate of a 5-year, annual $4,800 annuity with present value of $20,000? (Round your answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132075886

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