Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You lend $680, and the borrower promises to pay you $782 at the end of 1 year.
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Find the interest rates earned on each of the following. Round your answers to the nearest whole number.
You lend $680, and the borrower promises to pay you $782 at the end of 1 year.
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- Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $680 and promise to pay back $782 at the end of 1 year. %Find the interest rates earned on each of the following. Round your answers to the nearest whole number. a. You borrow $700 and promise to pay back $777 at the end of 1 year. % b. You lend $700 and the borrower promises to pay you $777 at the end of 1 year. % c. You borrow $88,000 and promise to pay back $550,376 at the end of 15 years. % d. You borrow $20,000 and promise to make payments of $6,687.60 at the end of each year for 5 years. %Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $650 and promise to pay back $793 at the end of 1 year. % You lend $650 and the borrower promises to pay you $793 at the end of 1 year. % You borrow $90,000 and promise to pay back $187,376 at the end of 6 years. % You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years.
- Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $98,000 and promise to pay back $714,185 at the end of 12 years.Find the interest rates earned on each of the following. Round each answer to two decimal places. A. You borrow $700 and promise to pay back $728 at the end of 1 year. B. You lend $700 and the borrower promises to pay you $728 at the end of 1 year. C. You borrow $100,000 and promise to pay back $147,746 at the end of 8 years. D. You borrow $12,000 and promise to make payments of $2,771.70 at the end of each year for 5 years.Find the interest rates earned on each of the following:a. You borrow $720 and promise to pay back $792 at the end of 1 year.b. You lend $720 and the borrower promises to pay you $792 at the end of 1 year.c. You borrow $65,000 and promise to pay back $98,319 at the end of 14 years.d. You borrow $15,000 and promise to make payments of $4,058.60 at the end of each year for 5 years.
- Find the interest rates earned on each of the following: A. You borrow $700 and promise to pay back $749 at the end of 1 year B. You lend $700 and the borrower promises to pay you back $749 at the end of 1 year C. You borrow $85,000 and promise to pay back $201,229 at the end of 10 years D. You borrow $9,000 and promise to make payments of $2,684.80 at the end of each year for 5 yearsFind the interest rate (or rates of return) in each of the following situations. You borrow $700 and promise to pay back $749 at the end of 1 year. You lend $700 and receive a promise to be paid $749 at the end of 1 year. You borrow $85,000 and promise to pay back $201,229 at the end of 10 years. You borrow $9,000 and promise to make payments of $2,684.80 at the end of each of the next 5 years.You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years. What is the interest rate earned? Round your answers to the nearest whole number
- The following loan is a simple interest amortized loan with monthly payments. (Round your answers to the nearest cent.) $7000, 0.085, 4 years (a) find the monthly payment (b) find the total interestYou decide to invest $7,500 into an account that pays 1.1% annual compound interest. Write an equation for the balance of the account (B) after t years.Calculate the annual payments for a $15,644 loan that you will repay over 5 years. The bank gives you an interest rate of 6.6%.