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Joanne Quick made an investment of $28,814.44. From this investment, she will receive $3,100 annually for the next 14 years starting one year from now.

Joanne Quick made an investment of $28,814.44. From this investment, she will receive $3,100 annually for the next 14 years starting one year from now. (

For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What rate of interest will Joannes investment be earning for her? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25%.)

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