"Consider the project balances for a typical investment project with a service life of four years.
The 'An' for years 0 through 4 are: ($)
-11,000
--
--
1,501
--
The symbol '--' represents missing numbers, not 0.
The project balance at the end of the given years (n = 0 through 4) are: ($)
-11,000
-8,800
-5,000
-3,700
719
Determine the interest rate used in computing the project balance. Enter your answer as a percentage between 0 and 100."