your cousin vinny wants to borrow $25,000 to help restore his vette. hes willing to pay you back over 7 years with simple interest your alternative is to investthe 25,000 into an account paying 7.25% compounded monthly.

assuming your willing to risk loaning money to family. what annual interest rate do you charge vinny in order to make the same amount of interest on his loan as your investment account?(which is less risky)