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You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,500
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,500 and agree to pay back $1.750 in two years. y (1) What annual interest rate is your uncle charging you? (if you solve this problem with algebra round intermediate calculations to 4 decimal places in all cases round your final answer to two decimal places, eg. 8.72%.) Rate of interest charged by uncle % e Textbook and Media
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