5-4. Fincing the interest Rate, 1 5-16i Comparing interest Rates EHective rate of interest Find the interest rates earned on each of the fellowing. Aowand each anseer to tws decimal places. a. You berrow $680 and promise to bay back $714 at the end of 1 year b. You lend 1690 and the borroeer promises to pay you $714 af the end of 1 year. c. You borrow 160,000 and premise to pay back 5112,225 at the end of 6 yean. d. You borien $9,000 and premise to make peyments of $2,604.80 at the end of each year for 5 years