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Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $710 and promise to pay
Find the interest rates earned on each of the following. Round your answers to the nearest whole number.
You borrow $710 and promise to pay back $781 at the end of 1 year. %
You lend $710, and the borrower promises to pay you $781 at the end of 1 year. %
You borrow $50,000 and promise to pay back $85,910 at the end of 8 years. %
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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