Find the interest rates earned

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EFFECTIVE RATE OF INTEREST

Find the interest rates earned on each of the following. Round each answer to two decimal places.

You borrow $700 and promise to pay back $763 at the end of 1 year.

%

You lend $700 and the borrower promises to pay you $763 at the end of 1 year.

%

You borrow $95,000 and promise to pay back $271,047 at the end of 11 years.

%

You borrow $14,000 and promise to make payments of $3,693.20 at the end of each year for 5 years.

%

Reference no: EM131989710

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