If Colleen Mooney invests \$7,323.70 now and she will receive \$14,500 at the end of 14 years, what an

If Colleen Mooney invests \$7,323.70 now and she will receive \$14,500 at the end of 14 years, what annual rate of interest will Colleen earn on her investment? (Hint: Use Table 3.) (Round answer to O decimal places, e.g. 25%.) Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 decimal places as displayed in the factor table provided.) (For calculation purposes, use Annual rate of interest Table 3 Present Value of 1 (n) 4% 6% 7% 8% 5% 9% 10% 11% 12% 15% Periods 1 96154 .95238 94340 93458 92593 .91743 90909 .90090 .89286 86957 2 .92456 .90703 .89000 .87344 .85734 .84168 .82645 .81162 .79719 75614 3 .88900 .86384 83962 .81630 79383 77218 .75132 73119 .71178 65752 4 85480 .82270 79209 76290 73503 70843 .68301 .65873 .63552 .57175 5 .82193 .78353 74726 71299 68058 .64993 62092 .59345 .56743 .49718 .50663 74622 .70496 6 79031 66634 63017 .59627 .56447 .53464 43233 7 75992 71068 66506 62275 58349 .54703 .51316 48166 .45235 37594 8 73069 .67684 62741 .58201 .54027 .50187 46651 .43393 40388 32690 .70259 .64461 59190 .54393 .50025 46043 42410 39092 .36061 28426 10 67556 .61391 55839 .50835 46319 .42241 38554 35218 .32197 24719 11 64958 .28748 .58468 52679 47509 42888 .38753 35049 .31728 .21494 12 62460 .55684 .49697 44401 .39711 .35554 31863 28584 25668 18691 13 60057 .53032 46884 41496 .36770 .32618 .28966 .25751 .22917 16253 14 .57748 .50507 44230 38782 34046 .29925 26333 .23199 .20462 14133 15 .55526 .48102 41727 36245 .31524 27454 .23939 20900 18270 .12289 39365 45811 33873 29189 .18829 .16312 10687 16 .53391 25187 21763 17 .51337 43630 37136 .31657 27027 .23107 19785 .16963 .14564 .09293 18 49363 41552 35034 .29586 .25025 21199 17986 .15282 .13004 .08081 19 47464 39573 33051 .27615 23171 .19449 16351 13768 .11611 .07027 20 45639 37689 31180 25842 .21455 17843 14864 12403 10367 .06110