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Question 6 (3 points) Suppose a friend wants to borrow $500 today and promises to repay you $735 five years from now. What is (approximately)

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Question 6 (3 points) Suppose a friend wants to borrow $500 today and promises to repay you $735 five years from now. What is (approximately) the annual interest rate you would be agreeing to? 1% 2% 10% Previous Page Next Page Page 5 of 19

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