9-41 Yield [LO9-4] If you borrow $9,531 and are required to pay back the loan in five equal annual installments of $2,450, what is the interest rate associated with the loan? Use Appendix D or a financial calculator to solve this problem. (Round your answer to the nearest whole percent.) Interest rate 00 DO B Percent Period 25 25 4% F 1 0.990 9% 0980 10% 17% 525 0971 0962 0952 0943 0935 2 0926 0917 1.970 1.942 1913 0909 0901 0893 1.006 Lase 1.833 1.800 3 1.783 2941 2.884 1.709 1.736 1713 2829 1600 2.775 2.733 2673 2.624 2577 4 2.531 2487 2902 3.808 2444 2402 3717 3630 3546 2465 3387 3.312 3340 3.170 5 3.102 3037 4.853 4713 4.580 4452 4329 4212 4,100 3.993 3890 3791 3605 6. 5.795 5.601 5417 5.242 5076 4917 4767 4623 4486 4.355 4231 A111 7 6728 6.472 6230 6002 5.796 5582 5309 5206 5033 4.308 4712 4564 7652 7.325 7020 6.733 6.463 6210 5971 5747 5535 5335 5146 4960 9 8.566 162 7.786 7435 7.108 6802 6515 6.247 5.995 5759 5537 5328 10 9.471 1.983 8.530 8111 7722 7360 7024 6710 6418 6145 5.889 5650 11 10.368 9.787 9253 8760 8.306 7BK7 7.499 7.139 6805 6.495 6307 5938 12 11.255 10.575 9.954 9385 8863 1384 7,943 7.536 7.161 6814) 6.492 6.194 12 12.134 11348 10.635 0.006 9394 RV53 8.358 7.904 14 13.00 12.106 11.296 10563 9.899 9295 745 8244 15 13865 12849 11.938 11.118 10.300 9712 9.100 8559 16 14718 13578 12.561 11.652 10838 10.106 8851 17 15562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 18 16398 14992 10828 19 17 226 15678 14.324 20 18040 16351 14.877 25 22.023 19523 17413 30 25,808 22396 19.000 40 32835 27355 23.115 10.703 50 39 196 31424 25730 21402 13.754 12659 11.090 13.134 12.085 11.150 13.590 12.462 11470 10594 15622 14.094 12783 11654 10675 17.292 15372 13.765 12.400 11258 10274 9427 17.159 15.046 18256 15762 10059 9372 10.336 9.604 001 1606 7.191 8313 7824 8544 8022 756 201 8.950 8365 7487 7.103 6750 6424 7.786 7367 6932 6.620 6811 7.379 6974 2549 7.120 7.202 7250 7839 3366 918 9.129 8514 7.963 2409 9823 9077 8422 7843 2694 BOSS 13332 11.025 10.757 9779 8951 13801 12233 10.062 9915 9042 8244 304 3188 2/2 100% Appendia D (concluded) Present value of an annuity of $1 Percent Period 12% 14% 15% 10% 17% 0.885 0877 2 1.668 1647 1626 0.870 0862 1005 3 2361 2322 2.203 2246 4 2974 2.914 2.855 2.79 2.743 B 3517 3433 3.352 3274 3.199 18% 0855 0.347 0.040 1.505 1.566 1547 2210 2.174 2.140 2106 2.690 2.639 2589 2362 3.127 3058 2991 2.689 19% 20% 251% 30% 295 40% 50% 0833 0.800 0769 1.528 1.440 1.361 1952 6 1990 1889 3.784 3.685 3589 7 4.423 4.200 4.160 4039 3.922 8 4.799 4639 4.487 4.344 4.207 9 5132 4.945 4.772 4.607 4.451 10 5426 5.216 5.019 4.833 4659 11 5687 5453 5234 5.029 12 5918 5.660 5.421 197 13 6122 5842 5583 5342 14 6302 6.002 5.724 5.468 15 6462 6.142 16 6.604 6260 5847 5575 5954 5.668 17 6.729 0.373 6047 5.749 18 6.840 6467 6.128 5818 5534 19 6930 6550 6.190 5877 5584 5273 5.013 4812 5216 5.070 4843 3498 3410 3.813 3706 4.070 3.954 4.303 4163 4031 3.463 3019 2665 2379 4:494 4339 4.192 3571 3.092 2715 4836 4656 4.486 4327 3656 2.147 2.752 4000 4793 4.611 4.439 3.725 3.190 2.779 5118 4910 4.715 4.533 3.780 3223 2799 5220 5.008 4000 4011 3824 3.249 2014 5.324 5.092 48761 4675 3859 3268 2.825 5405 5.162 4930 4.730 5475 5.222 4908 4775 3910 3.295 1928 3304 2044 2494 3942 3311 3320 2951 3605 2.161 3837 3.329 0741 0714 1.289 1.316 1.696 2.166 1997 2:436 2220 2.643 2385 2.168 1.824 2002 2500 2263 2.925 2500 2.331 0.667 1224 1.111 1.589 1.407 1345 2015 1605 1.737 1922 1948 2414 1965 2.438 1977 2.456 1.905 2469 1.990 2478 1993 2.434 1995 38871 3.283 2834 2.489 3940 2492 1990 1997 1909 2848 2.496 1999 20 7.025 6.623 6.259 5,029 5628 5.353 5.101 470 1954 2316 2850 2497 1999 25 7330 6873 6464 6097 5760 5.467 5.195 4.948 3565 3329 2856 2:499 2.000 30 749 7003 6366 6,177 5829 5517 5.235 4970 1995 3.332 2557 2500 2.000 40 7634 2105 6.642 6233 5971 5.548 5258 4997 1999 3333 2657 2.500 2000 00 7675 7.133 6.661 6246 5880 5554 5202 4.999 4.000 3.333 2857 2.500 2000