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Question 5 [5 points] Radu was scheduled to repay a loan 60 days from now with a payment of $3,800.00, but will get some extra

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Question 5 [5 points] Radu was scheduled to repay a loan 60 days from now with a payment of $3,800.00, but will get some extra money and be able to pay it off 30 days from now with an equivalent payment of $3,774.41. Assuming that interest rates do not change during the period of the loan, what was the interest rate of the loan? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Annual rate = 0.00 % Question 6 [5 points] Siran purchased a short-term $16,000, 180-day GIC which will earn 2.25% interest annually. When the GIC matures, the maturity value is rolled into another short-term 30-day GIC which will earn 2.50% interest annually. What is the maturity value of the second GIC? For full marks your answer(s) should be rounded to the nearest cent. Maturity value = $ 0.00

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