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2. Problem 5.12 (Effective Rate of Interest) eBook Find the interest rates earned on each of the following. Round your answers to the nearest whole

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2. Problem 5.12 (Effective Rate of Interest) eBook Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $650 and promise to pay back $715 at the end of 1 year. 10.00 % b. You lend $650 and the borrower promises to pay you $715 at the end of 1 year. 10.00 % c. You borrow $96,000 and promise to pay back $412,783 at the end of 8 years. % d. You borrow $9,000 and promise to make payments of $2,684.80 at the end of each year for 5 years

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