Lang Warehouses borrowed $102,700 from a bank and signed a note requiring 13 annual payments of $8,464 beginning one year from the date of the agreement. (FV of $1, PV of $1, FVA of $1. PVA of $1, EVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided) Required: Determine the interest rate implicit in this agreement. (Round interest rate to 1 decimal place.)