Effective Rate of Interest A mortgage company offers to lend you $85,000; the loan calls for payments of $11,339.91 at the end of each year for 30 years. What interest ate is the mortgage company charging you? Do not round intermediate calculations. Round your answer to the nearest whole number. % Effective Rate of Interest A mortgage company offers to lend you $85,000; the loan calls for payments of $11,339.91 at the end of each year for 30 years. What interest ate is the mortgage company charging you? Do not round intermediate calculations. Round your answer to the nearest whole number. %