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Posted on Jul 30, 2024

You lend a friend $ 1 2 , 0 0 0 , for which your friend will repay you $ 6 2 , 8 6

You lend a friend $

12, 000,

for which your friend will repay you $

62, 867

at the end of

8

years. What interest rate are you charging your "friend"?

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