Sarasota Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $840,633. The purchase agreement specifies an immediate down payment of $204,000 and semiannual payments of $78,491 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction? Interest rate 1% semiannually LINK TO TEXT