Cecilia Jeffries purchased an investment for $49090.75. From this investment she will receive $5000 annually for the next 20 years starting one year from now. What rate of interest will Cecilia be earning on her investment?

Interest Rate

The share of a loan subjected to interest charges for the borrower, often expressed as an annual percentage of the total loan that is yet to be paid.

Annual Payment

A payment made once a year, often in the context of loans, leases, or insurance policies.

Investment

The allocation of resources, usually money, in order to generate income or profit.