Math 1324 Math for Business - Fall 2020-Flex Campus/CRN 14800 Homework: Homework 5.3 Save Score: 0 of 1 pt 5 of 9 (3 complete) HW Score: 22.22%, .. 5.3.21-T Question Help Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $20,244 to be accumulated in 4 years; quarterly payments of $1125. The interest rate needed is approximately %. (Type an integer or decimal rounded to two decimal places as needed.)