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Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $700 and promise to
Find the interest rates earned on each of the following. Round your answers to the nearest whole number.
a. You borrow $700 and promise to pay back $770 at the end of 1 year. %
b. You lend $700 and the borrower promises to pay you $770 at the end of 1 year. %
c. You borrow $97,000 and promise to pay back $405,194 at the end of 15 years. %
d. You borrow $18,000 and promise to make payments of $4,390.00 at the end of each year for 5 years. %
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