Question: Annuity Interest Rate ( loan ) 7 ( Annuity Interest Rate) You've been offered a loan of $50,000, which you will have to repay in

Annuity Interest Rate ( loan ) 7

( Annuity Interest Rate) You've been offered a loan of $50,000, which you will have to repay in 7 equal payments of $13,000, with the first payment due one year from now What interest rate would you pay on that loan ??

The interest rate you would pay on the loan is % ???

uld pay on the loan is \%. (Round to two decimal places.)

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