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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
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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