​(Annuity interest​ rate) ​You've been offered a loan of
​$45,000​,
which you will have to repay in
9
equal annual payments of
​$10,000​,
with the first payment due one year from now. What interest rate would you pay on that​ loan?
Question content area bottom
Part 1
The interest rate you would pay on the loan is
enter your response here​%.
​ (Round to two decimal​ places.)