As the purchaser of a new house, Carrie Underwood has signed a mortgage note to pay the Nashville National Bank and Trust Co. $7,000every 6 months for8years, at the end of which time she will own the house. At the date the mortgage is signed, the purchase price was $102,928and Underwood made a down payment of $15,000. The first payment will be made 6 months after the date the mortgage is signed. Using a financial calculator, compute the exact rate of interest earned on the mortgage by the bank.