Question

$15$

Incorrect

Mark $0\mathrm{.}00$ out of $1\mathrm{.}05$

Flag question

Solving for the Interest Rate per Period

Wick borrowed $$8,000$ and agreed to make $10$ annual payments of $$1,036$ at the end of each year. What is the interest rate of this loan?

Enter the percent rounded to two digits after the decimal; enter $2\mathrm{.}04$ for $2\mathrm{.}044\%$ or $2\mathrm{.}05$ for $2\mathrm{.}045\%.$

$4$

$x$

$\%$