b. Assuming you're willing to risk loaning money to family, what annual interest rate do you...
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b. Assuming you're willing to risk loaning money to family, what annual interest rate do you charge Vinny in order to make the same amount of interest on his loan (he borrows $23750 over 7 years with simple interest) as your investment account? Round your answer to the nearest hundredth of a percent. % b. Assuming you're willing to risk loaning money to family, what annual interest rate do you charge Vinny in order to make the same amount of interest on his loan (he borrows $23750 over 7 years with simple interest) as your investment account? Round your answer to the nearest hundredth of a percent. %
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