Economics An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual interest rate of this investment? O a. 11.10% O b. 15.62% O c. 16.15% O d. 17.62% O e. 12.58%...

Economics<br>An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual interest rate of<br>this investment?<br>O a. 11.10%<br>O b. 15.62%<br>O c. 16.15%<br>O d. 17.62%<br>O e. 12.58%<br>Engineering economy>>> please hurry up i only<br>have 20 minutes<br>

Extracted text: Economics An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual interest rate of this investment? O a. 11.10% O b. 15.62% O c. 16.15% O d. 17.62% O e. 12.58% Engineering economy>>> please hurry up i only have 20 minutes

Jun 11, 2022

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Economics An investment of $40,000 yields a net annual income of $8,000 for 11 years. What is the annual interest rate of this investment? O a. 11.10% O b. 15.62% O c. 16.15% O d. 17.62% O e. 12.58%...

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