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4. Tarpley Tent Co. borrowed $12,500 from the Bank of Waco and will repay the bank $15,400 in 3 years. What interest rate is the
4. Tarpley Tent Co. borrowed $12,500 from the Bank of Waco and will repay the bank $15,400 in 3 years. What interest rate is the bank charging on this loan?
5. You bought a stock 9 years ago for $35. Today you sold it for $78. What rate of return did you earn on this investment?
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