student/mainfr.uni tipo x Q ol-fra Flashcards x Parrino, Fundamentals of Corporate Finance, 4e actice Assignment Gradebook ORION Downloadable eTextbook CORPORATE FINANCE (-) ament MESSAGE MY INSTRUCTOR FULL SCREEN PRINTIR VERSION BACK NEXT Problem 5.15 You are in desperate need of cash and turn to your unde, who has offered to lend you some money. You decide to borrow $1.500 and agree to pay back $1,740 in two years. What annual interest rate is your uncle charging you? (If you solve this prolem with algebra round intermediate calculations to decimal places in all cases round your final answer to two decimal places, .0. 8.729) Rate of interest charged by uncle Alternatively, you could borrow from your bank that is charging 6.50 percent interest annually Should you borrow from your uncle or the bank? Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will leam while you earn points based on the Point Potential policy set by your instructor SUBMIT ANSWER Question Attempts: 0 of 2 used SAVETORLAR Earn Maximum Pontevable only if you answer this question correctly in your frit attempt % hare/assment/test/ogistide 2541701WN10124