rk: Homework #3 (chapter Question 26, Instructor-created question ist Ask my instructor HW Score: 79.51%, 38.17 of 48 points Points: 0 of 1 Save Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. (Note. A sinking fund is an account created to fund a future expense. It's like a savings account) $17,623 to be accumulated in 4 years; quarterly payments of $975 The interest rate needed is approximately% (Type an integer or decimal rounded to two decimal places as needed.) Clear all tv A Check answer