Posted: February 12th, 2016

Find the interest rate (or rate of return) in each of the following situations.

Find the interest rate (or rate of return) in each of the following situations.

You borrow ,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.