Lowlife Company defaulted on a $160,000 loan that was due on December 31, 2016. The bank has agreed to allow Lowlife to repay the $160,000 by making a series of equal annual payments beginning on December 31, 2017. (FV of $1, PV of $1, FVA of $1, PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 4. If three payments of $59,858 are to be made, what interest rate is the bank charging Lowlife? Present Value: Annuity Payment