Find the interest rates earned

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Reference no: EM13894258

Find the interest rates earned on each of the following:

(These problems can all be solved using a financial calculator by entering the known values shown on the time lines and then pressing the I/YR button.)

a. You borrow $700 and promise to pay back $749 at the end of the year

b. You lean $700 and the borrower promise to pay back $749 at the end of 1 year

c. You borrow $85,000 and promise to pay back $201,229 at the end of 10 years.

d. You borrow $9,000 and promise to make payment of $2,684.80 at the end of each year for 5 years.

Reference no: EM13894258

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