Find the interest rate or rates of return

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Reference no: EM131328494

Effective Rate of Interest

Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places.

You borrow $750 and promise to pay back $795 at the end of 1 year.

You lend $750 and receive a promise to be paid $795 at the end of 1 year.

You borrow $95,000 and promise to pay back $144,317 at the end of 10 years.

You borrow $10,000 and promise to make payments of $3,550 at the end of each year for 3 years.

Reference no: EM131328494

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