You have just deposited $13,500 into an account that promise…
You have just deposited $13,500 into an account that promises to pay you an annual interest rate of 7 percent each year for the next 6 years. You will leave the money invested in the account and 10 years from today, you need to have $26,400 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal?