Bob and Barbara are friends. Bob takes out a $10000 loan and agrees to repay it over 12 years by making annual level payments at an effective rate of 5.62499%. At the same time, Barbara takes out a $10000 loan and agrees to repay it by making annual interest payments at an annual effective interest rate of i. She also agrees to make annual level deposits into a sinking fund that earns 4% annual effective interest so as to accumulate $10,000 at the end of the 12 years. Bob and Barbara discover they have the same total annual expenditures resulting from their loans. find the rate i. The answer is i=5.0285%, please show work & steps