Question: solve both questions l(a). YOU MUST DO BY HAND. RKI Instruments borrowed $4,800,000 from a private equity firm for expansion of its facility for manufacturing

solve both questions solve both questions l(a). YOU MUST DO BY HAND. RKI Instruments borrowed

l(a). YOU MUST DO BY HAND. RKI Instruments borrowed $4,800,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide monitors. The company repaid the loan after 1 year with a single payment of $5,184,000. What was the interest rate on the loan? (b). A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds. If the bonds are now worth $2.8 million, what rate of return per year did the company make on the basis of (a) simple interest, and (b) compound interest

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