Lang Warehouses borrowed $252,330 from a bank and signed a note requiring 13 annual payments of $26,862 beginning one year from the date of the agreement. (FV of $1. PV of $1, FVA of S1, 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: Annuity payment