Find the interest rates earned

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Reference no: EM13769263

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

You borrow $70,000 and promise to pay back $648,587 at the end of 15 years.

You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years.

Reference no: EM13769263

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