Exercise B$-7($Algo$)$ Interest rate on an investment LO P$3$

Jones expects an immediate investment of $$103,438\mathrm{.}80$ to return $$18,000$ annually for eight years, with the first payment to be received one year from now. What rate of interest must Jones earn? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.$)$

$\backslash$table$[[$Present Value,Annuity Payment,Table Factor,Interest Rate,$],[,,,,\%$