Solving for the Interest Rate per Period

Wick borrowed $$88,000$ and agreed to make $8$ annual payments of $$14,000$ at the end of each year. What is the interest rate of this loan?

Enter the percent rounded to two digits after the decimal; enter $2\mathrm{.}04$ for $2\mathrm{.}044\%$ or $2\mathrm{.}05$ for $2\mathrm{.}045\%.$