Rita borrows $5,000 from her parents. She repays them $6,000. What is the interest rate if...
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Rita borrows $5,000 from her parents. She repays them $6,000. What is the interest rate if she pays the $6,000 at the end of: a) b) c) d) Year 2? Year 3? Year 52 Year 10? Rita borrows $5,000 from her parents. She repays them $6,000. What is the interest rate if she pays the $6,000 at the end of: a) b) c) d) Year 2? Year 3? Year 52 Year 10?
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