GHA Co. made an investment of $10,000 and from this it will receive $800 annually for the next 18 years (starting one year from now). The interest rate that GHA will be earning is between ____% and ____%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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. GHA Co. made an investment of $10,000 and from this it will receive $800 annually for the next 18 years (starting one year from now). The interest rate that GHA will be earning is between ____% and ____%.

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