Find the interest rates earned on each of the following: a. You borrow $720 and promise to
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Find the interest rates earned on each of the following:
a. You borrow $720 and promise to pay back $792 at the end of 1 year.
b. You lend $720 and the borrower promises to pay you $792 at the end of 1 year.
c. You borrow $65,000 and promise to pay back $98,319 at the end of 14 years.
d. You borrow $15,000 and promise to make payments of $4,058.60 at the end of each yearfor 5 years.
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Related Book For
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
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