Ivanhoe Company purchased a machine at a price of $93,400 by signing a note payable, which requires a single payment of $108,942 in 2 years. Click here to view factor tables. Assuming annual compounding of interest, what rate of interest is being paid on the loan? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 13\%.) Rate of interest % eTextbook and Media