Question 1178092
Solving for rate r as a decimal
r = n[(A/P)^(1/nt) - 1]
r = 4 × [(16,500.00/14,000.00)^(1/(4)(3)) - 1]
r = 0.0551444

Then convert r to R as a percentage
R = r * 100
R = 0.0551444 * 100
R = 5.514%/year