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Effective Rate of Interest Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places.
Effective Rate of Interest
Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places.
You borrow $750 and promise to pay back $810 at the end of 1 year. %
You lend $750 and receive a promise to be paid $810 at the end of 1 year. %
You borrow $90,000 and promise to pay back $201,790 at the end of 12 years. %
You borrow $10,000 and promise to make payments of $3,550 at the end of each year for 3 years. %
please answer the whole question
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