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A loan shark has offered to loan you $381,000.00 today so that you can afford the house of your dreams. The only catch is that

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A loan shark has offered to loan you $381,000.00 today so that you can afford the house of your dreams. The only catch is that he wants you to repay him $637,600.00 exactly 4.00 years from today. You are very tempted as you want the house really badly. What is the rate of interest on the Shark's loan? Excel- C A B 1 N 4.00 ?? 2 381,000.00 PV 3 $0.00 4 PMT $637,600.00 FV 5 1 6 What is the numerical answer for cell B2? Submit Answer format: Percentage Round to: 2 decimal places (Example 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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