Whats the interest rate of a 5-year annual 4800 annuity, Finance Basics

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Whats the interest rate of a 5-year annual 4800 annuity

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.

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Finance Basics: Whats the interest rate of a 5-year annual 4800 annuity

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