Thinking ahead to retirement, assume you will be able to earn a 11 percent return on your investments. If you have saved $340,000 and expect to live 16 more years when you retire, calculate the annual annuity you will be able to receive for 16 years. (Enter your answer es a positive number rounded to 2 declmal places.) A loan calls for 5 equal annual payments of $2,650. If the loan amount is $11,472, the interest rate is: (Round your answer to the neorest whole percent.)