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What interest rate are you charging your friend

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Question - You lend a friend $11,000 for which your friend will repay you $28,000 at the end of 5 years. What interest rate are you charging your friend?

Reference no: EM133167126

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What interest rate are you charging your friend : You lend a friend $11,000 for which your friend will repay you $28,000 at the end of 5 years. What interest rate are you charging your friend
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