ture value 01 5 ,but received today and deposited in an account for four years paying semiannual interest of 8 percent is 4. Noura borrows $28,000 from MBK Bank. For a five-year loan, the bank requires annual end- of-year payments of $6,860. What is the annual interest rate on this loan? 5. Gibson plans to fund his individual retirement account, beginning today, with 20 annual If he can earn an annual