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Thanks for the help!!! Find the interest rate (or rates of return) in each of the following situations. Do not round intermediate calculations. Round your
Thanks for the help!!!
Find the interest rate (or rates of return) in each of the following situations. Do not round intermediate calculations. Round your answers to the nearest a. You borrow $720 and promise to pay back $792 at the end of 1 year. % b. You lend $720 and receive a promise to be paid $792 at the end 1 year. % c. You borrow, $75,000 and promise to pay back $149,926 at the end of 9 years. % d. You borrow $8,000 and promise to make payments of $2,219.30 at the end of each of the next 5 years. %Step by Step Solution
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