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Find the interest rates earned on each of the following. Round your answers to the...

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Accounting

Find the interest rates earned on each of the following. Round your answers to the nearest whole number.

  1. You borrow $750 and promise to pay back $780 at the end of 1 year.

  2. You lend $750 and the borrower promises to pay you $780 at the end of 1 year.

  3. You borrow $59,000 and promise to pay back $165,948 at the end of 12 years.

  4. You borrow $16,000 and promise to make payments of $5,001.00 at the end of each year for 5 years.

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