An insurance policy provides a benefit of $$8,000$ twelve years from now. Alternatively, the policy pays $$600\mathrm{.}00$ at the beginning of each year for twelve years. What is the effective annual rate of interest paid? The effective annual rate of interest is $\_\_\%.($Round to two decimal places as needed.$)$ interest pald? The affeclire ancual rate of inferest is $($Found to two decimal places as needed.$)$