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8. [-/2 Points] DETAILS WANEFMAC7 3.1.033. MY NOTES PRACTICE ANOTHER Fees Compute the specified quantity. You take out a 5-year, $3,000 loan at 9% simple

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8. [-/2 Points] DETAILS WANEFMAC7 3.1.033. MY NOTES PRACTICE ANOTHER Fees Compute the specified quantity. You take out a 5-year, $3,000 loan at 9% simple annual interest. The lender charges you a $150 fee. Thinking of the fee as additional interest, what is the actual annual interest rate r you will pay? r % Need Help? Read It Watch It

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