Sunrise Banking Corp. is a new entrant in the retail banking industry. To attract new customers, the bank offers substantially higher deposit rates on its Premier Saving accounts than its regional competitors. You received a performance bonus of $5,000 last month and you want to save it for your grandmothers 85th birthday bash you plan to organize for family and friends seven years from now. You estimate the cost of the venue plus catering to be $12,800. What is the interest rate you need to earn on your deposit with Sunrise to accumulate enough money to pay for the party?