Solution-Find the interest rates earned on each of the

Find the interest rates earned on each of the following

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Reference no: EM131106145

Find the interest rates earned on each of the following:
a. You borrow $700 and promise to pay back $749 at the end of 1 year.
b. You lend $700 and the borrower promises to pay you $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 payments of $2,684.80 at the end of each year for 5 years.

Reference no: EM131106145

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Find the interest rates earned on each of the following : Find the interest rates earned on each of the following: a. You borrow $700 and promise to pay back $749 at the end of 1 year. b. You lend $700 and the borrower promises to pay you $749 at the end of 1 year. c. You borrow $85,000 and promise to pay b..

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Find the interest rates earned on each of the following

Reference no: EM131106145

Reference no: EM131106145

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