Lang Warehouses borrowed $163,600 from a bank and signed a note requiring 3 annual payments of $60,639 beginning one year from the date of the agreement. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine the interest rate implicit in this agreement. (Round interest rate to 1 decimal place.) Solve for i Present value: n = Annuity payment