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On July 1 7 , 2 0 2 1 . Anthony Urban borrowed $ 8 1 , 0 0 0 from his grandfather to open

On July 17,2021. Anthony Urban borrowed $ 81,000 from his grandfather to open a clothing store. Starting July 17,2022, Anthoriy has to make 10 equal annual payments of $ 11,000 cach to repay the loan. Use a financial calculator to determine what interest rate Anthory is paying. (Round answer to 2 decimal places, e.25.50 x ) Interest rate

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