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Problem 1) Rose borrows $1200 from Samwise for one year (interest to be paid in advance) at an annual effective discount rate of r. She

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Problem 1) Rose borrows $1200 from Samwise for one year (interest to be paid in advance) at an annual effective discount rate of r. She has $1050 available for her use at time 0. What is the value of r? Considering Samwise's earnings as the outcome of a compound interest scenario, what is the annual effective interest rate

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