Effective rate of interest find the interest rates earned, Financial Management

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Effective rate of interest find the interest rates earned

Effective rate of interest, 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 at$792 at the end of 1year. c. you borrow $65,000 and promise to pay back 98,319 at the end of 14years. d. you borrow $15,000 and promised to make payments of 4,058.50 at the end of each year for 5years.

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Financial Management: Effective rate of interest find the interest rates earned

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