Effective Rate of Interest Find the interest rate (or rates of return) for each of...
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Accounting
Effective Rate of Interest
Find the interest rate (or rates of return) for each of the following situations. Round your answers to two decimal places.
You borrow $750 and promise to pay back $810 at the end of 1 year. %
You lend $750 and receive a promise to be paid $810 at the end of 1 year. %
You borrow $90,000 and promise to pay back $201,790 at the end of 12 years. %
You borrow $10,000 and promise to make payments of $3,550 at the end of each year for 3 years. %
please answer the whole question
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