Question: ( Solving for r in compound interest ) You lend a friend $ 1 9 , 0 0 0 , for which your friend will

(Solving for r in compound interest) You lend a friend $19,000, for which your friend will repay you $49,000 at the end of 9 years. What interest rate are you charging your friend?
The interest rate you are charging your friend is ___%?(Round to two decimal places.)
(Solving for r in compound interest) You lend a friend $19,000,

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