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LJ Enterprises borrowed $5,000 from its bank LJ will repay $6,083 in 5 years What interest rate did LJ incur on this loan, assuming annual

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LJ Enterprises borrowed $5,000 from its bank LJ will repay $6,083 in 5 years What interest rate did LJ incur on this loan, assuming annual compounding? Prepare the solution with factor tables. (Use the present value and future value tables for your calculations. Use factor amounts rounded to four decimal places, XX ) (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Present Value of $1 table) (Cick the icon to view the Future Value of an Ordinary Annuity table) (Click the icon to viow the Present Value of an Ordinfry (Click the icon to viow the Future Value of an Annuity Annuity table) (Click the icon to view the Present Value of an Arnuity Due table) LJ Enterprises borrowed $5,000 from its bank. LJ will repay $6,083 in 5 years. What interest rate did LJ incur on this loan, assuming annual compounding? Prepare the solution with factor tables. (Use the present value and future value tables for your calculations. Use factor amounts rounded to four decimal places, XXXX ) The interest rate that LJ incurred on this loan is

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