Question: Attempts: 1.5 Keep the Highest: 1.5/2 9. Problem 5.12 (Effective Rate of Interest) eBook Find the interest rates earned on each of the following. Round

 Attempts: 1.5 Keep the Highest: 1.5/2 9. Problem 5.12 (Effective Rate

Attempts: 1.5 Keep the Highest: 1.5/2 9. Problem 5.12 (Effective Rate of Interest) eBook Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $650 and promise to pay back $676 at the end of 1 year. % b. You lend $650 and the borrower promises to pay you $676 at the end of 1 year. % C. You borrow $93,000 and promise to pay back $159,386 at the end of 7 years. % d. You borrow $15,000 and promise to make payments of $5,001.00 at the end of each year for 5 years. %

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