Question 1176225
the loan is for 20,000.
the term is 5 years compounded annually.
the end of year payments are 4878.05.


the annual interest rate is 7.001808%.


here's a display from the calculator i used.


<img = src = "http://theo.x10hosting.com/2021/030401.jpg" >


your inputs are:


pv = 20,000
fv = 0
np = 5 years
pmt = -4878.05 
payment at end of each year


click on ir and the calculator talls you that the interest rate is 7.001808% per year.


this calculator can be found at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>