The following instalment payment schedule is for a long$-$term bank loan payable:

$\backslash$table$[[$Interest Period,Cash Payment,Interest Expense,Reduction of Principal,Principal Balance$],[$Issue date,,,,$],[1,$$$65,141\mathrm{.}86,$$$11,600\mathrm{.}00,$$$53,541\mathrm{.}86,236,458\mathrm{.}14$

$($A$)$ Assuming payments are made annually, what is the interest rate on the bank loan?$($round answer to $0$ decimal places, e$.$g$\mathrm{.}12\%$

Interest rate $\%?$