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Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places. You borrow $650 and
Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places. You borrow $650 and promise to pay back $702 at the end of 1 year. % You lend $650 and receive a promise to be paid $702 at the end of 1 year. % You borrow $60,000 and promise to pay back $116,285 at the end of 11 years. % You borrow $9,000 and promise to make payments of $2,000 at the end of each year for 6 years. %
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