Find the interest rate (or rates of return) for each of the following situations. Round your answers
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Question:
Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places.
He borrows $750 and promises to repay $810 at the end of 1 year.
%
You lend $750 and receive a promise to repay $810 at the end of 1 year.
%
Borrows $70,000 and promises to repay $228,277 after 14 years.
%
Borrows $8,000 and promises to make payments of $2,444.9 at the end of each year for 4 years.
%
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date: