The rate is 5%

Question Completion Status: A Moving to another question will save this response. Question 5 Question 5 1 points You need to borrow by taking a 12-year loan. Your budget allows us to pay $980 at the end of each year for the length of the loan's term as the loan payment. Annual rate is How much can you borrow today? Below $7,000 B. Between $7.000 and $7,500 Between $7.500 and $8,000 Between $8,000 and $8.500 Between $8,500 and $9,000 Above $9.000 . OF Question 5 a Moving to another question will save this response. . e