Sara has invested 100000 in an account at her local bank, Financial Management

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Sara has invested 100000 in an account at her local bank

Sara has invested $100,000 in an account at her local bank. The bank will pay her a constant amount of $21,960.71each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year, what is the rate of return (%) on the investment? (Round to two places to the right the decimal point) PLEASE SHOW YOUR WORK.

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Financial Management: Sara has invested 100000 in an account at her local bank

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