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Posted on Sep 20, 2024

You lend a friend $ 1 1 , 0 0 0 for what your friend will repay you $ 3 4 , 0 0 0

You lend a friend $

11, 000

for what your friend will repay you $

34, 000

at the end of the

13

years. What interest rate are you charging your friend?

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