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Check my work You have two investment opportunities. One will have an 7.5% rate of return on an investment of $600, the other will have

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Check my work You have two investment opportunities. One will have an 7.5% rate of return on an investment of $600, the other will have a 9.5% rate of return on principal of $730. You would like to take advantage of the higher-yielding investment but have only $600 available. Required: What is the maximum rate of interest that you would pay to borrow the $130 needed to take advantage of the higher yield? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 51 Maximum rate of interest % * rences HPH

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