5-4: Finding the Interest Rate, I 5-16: Comparing Interest Rates Effective rate of interest Find...
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5-4: Finding the Interest Rate, I 5-16: Comparing Interest Rates Effective rate of interest Find the interest rates earned on each of the following. Round each answer to two decimal places, a. You borrow $750 and promise to pay back $780 at the end of 1 year. b. You lend $750 and the borrower promises to pay you $760 at the end of 1 year: c. You borrow $57,000 and promise to pay back $112,857 at the end of 14 years. d. You borrow $18,000 and promise to make payments of $4,390.00 at the end of each year for 5 years. \%
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