Tyler has set up a sinking fund to save up for a down payment for a house. He would like to have $26,738 on deposit in 6 years. He has calculated that he needs to deposit $900 each quarter into the account, which earns interest compounded quarterly, to have $26,738 in 6 years. What interest rate does his calculation assume? Note. A sinking fund is an account created to fund a future expense. It's like a savings account. The interest rate is%. (Round to two decimal places.) CITE