Question: 4) Sol Pine borrows $4,900 for one year at 9 percent interest. What is the effective rate of interest if the loan is discounted? (Do

4) Sol Pine borrows $4,900 for one year at 9 percent interest.

What is the effective rate of interest if the loan is discounted?(Do not round intermediate calculations. Use a 360-day year. Input your answer as a percent rounded to 2 decimal places.)

Sol Pine borrows $4,900 for one year at 9 percent interest.

Effective rate on a discounted loan= %

b-2.What percent of this $82,000 cost did the treasurer effectively hedge away?(Input your answer as a percent rounded to 2 decimal places.)

Percentage hedged away= %

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