Question: n u x. u |_ I u II I 4 n. |_ ITI u I | | | | | | | I | |


n u x. u |_ I u II I 4 n. |_ ITI u I | | | | | | | I | | The annual rate your bank charges you to borrow money for 1, 5, 10, or 30 years is shown in the followingtable: Loan Duration Annual loan rate 1 year 5% 5 years 3'96 10 years 9% 30 years 10% If you borrow money from the bank for any duration from 1 through 30 years that is not listed in the table, your rate is found by interpolatingthe appropriate number between the rates given in the table. For example, suppose you borrow money for 15 years. Because 15 years is onequarter ofthe way between 10 years and 30 years, the annual loan rate would be calculated as follows: .?5'.'3 + 251.10. Write a formula that returns the annual interest rate on a loan for any _ period between 1 and 30 years
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