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9. 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
9. 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 $750 and promise to pay back $795 at the end of 1 year. % b. You lend $750 and the borrower promises to pay you $795 at the end of 1 year. % C. You borrow $92,000 and promise to pay back $109,853 at the end of 6 years. % d. You borrow $ 16,000 and promise to make payments of $5,001.00 at the end of each year for 5 years. %
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