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Round to 2 decimal places. Answer in percentage (Solving for r in compound interest) You lend a friend $14,000, for which your friend will repay

image text in transcribedRound to 2 decimal places. Answer in percentage

(Solving for r in compound interest) You lend a friend $14,000, for which your friend will repay you $19,000 at the end of 5 years. What interest rate are you charging your friend? The interest rate you are charging your friend is% (Round to two decimal places.)

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