If Reed promises to pay Luke $4,000 seven years from now if Luke loans Reed $2500 today, what annual interest rate is Reed going to pay (compounded annually)? (20ESI. + 1) 0000 V=(SA000.1) 0000 b 2601 0 VI-(20ESI.+1) 0000 s a. 7.26 percent b. 6.94 percent C. 8.15 percent d.in 9.73 percent.os diw ysbo) 000,2552 wood of gniog ai bivs senor a vud of bio ni e. 15.41 percent ersoy OE 1ovo atnomysq yliinom sxem of gniog ei oH 12919tni to sim leonas od flow 16dw dinom dono legioning biswo: 2502 suxo as avesq sd11 nsol odilo notasinoma ISE

If Reed promises to pay Luke $4,000 seven years from now if Luke loans Reed $2500 today, what annual interest rate is Reed going to pay (compounded annually)? a. 7.26 percent b. 6.94 percent c. 8.15 percent d.i 9.73 percent