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Bramble Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $ 9 0 6 , 5 6 5

Bramble Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $906,565. The purchase agreement specifies an immediate down payment of $220,000 and semiannual payments of $84,647 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? (Round factor values to 5 decimal places, e.g.1.25124 and final answer to 0 decimal places, e.g.25%.)
Interest rate
% semi-annually
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