Question: 5 4 : Finding the fotarest Rate, I 5-16: Comparing Imerest Rates Efiective cate of intereit Fina the interest intes earned on each of the

5 4 : Finding the fotarest Rate, I 5-16: Comparing Imerest Rates Efiective cate of intereit Fina the interest intes earned on each of the following. Movand tach answer to two deomal olaces. 3. Yeu borrow 1700 and proense to gay bock 1777 at the eod of 1 yeac: b. Wou lend 870 and the berewer pramises te pay you 877 at the end of 1 year. c. Yeu borrow $21,000 and premenis to bay back 1133,637 at the and of 13 years. a. veu torrom $12.000 and promisi to make perments of $2,771.70 at the end of each vear for 5 yearz

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