Question: Save Homework: Chapter 5 Homework 70118 (a complete) Problem 5-10 (similar to) core: 0 of 1 pt HW Score: 12.5%, 4.5 of 36 pl Question

Save Homework: Chapter 5 Homework 70118 (a complete) Problem 5-10 (similar to) core: 0 of 1 pt HW Score: 12.5%, 4.5 of 36 pl Question Help (Solving for r in compound interes) You lend a friend 513,000, for which your friend will repay you $22,000 at the end of 7 years. What interest rate are you charging your friend? The interest rate you are charging your friend is % (Round to two decimal places.)

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