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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

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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? 3% 5% 6% 7% 08% 9% 10%

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