Previous Page Next Page Page 4 o Question 16 (2 points) If the balance of an account (which earns interest quarterly) is $1,372.48 at the beginning of the current compound period (which is the balance at the end of the previous compound period) and the interest earned at the end of the current compound period is $7.93, then determine the annual interest rate of the account. Write the interest rate as a percent and round the percent value to two decimal places