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2-13. Bernie borrows. 5000 on January 1, 1995, and another 5000 on January 1, 1998. He repays 3000 on January 1, 1997, and then finishes

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2-13. Bernie borrows. 5000 on January 1, 1995, and another 5000 on January 1, 1998. He repays 3000 on January 1, 1997, and then finishes repaying his loans by paying 10,000 on January 1, 2000. What effective annual rate of interest is Bernie being charged

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