Current Attempt in Progress

On July $17,2024,$ Lucas Urban borrowed $$74,000$ from his grandfather to open a clothing store. Starting July $17,2025,$ Lucas has to make $10$ equal annual payments of $$12,460$ each to repay the loan. Use Excel or a financial calculator to determine what interest rate Lucas is paying. $($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25\%.)$

Interest rate $\%$