Como Company borrowed $5,200 from its bank. Como will repay $7,300 in five years. What is the approximate interest rate that Como will incur on this loan, assuming annual compounding? Use the future value of $1 table. Excerpt of Future Value of $1 Table

Periods	7%	8%	9%
1	1.07000	1.08000	1.09000
2	1.14490	1.16640	1.18810
3	1.22504	1.25971	1.29503
4	1.31080	1.36049	1.41158
5	1.40255	1.46933	1.53862
6	1.50073	1.58687	1.67710

Group of answer choices

7%

8%

9%

29%