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Wendy has lent $5,000 dollars her friend Bebe Bebe has promised to repay Wendy by...

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Accounting

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Wendy has lent $5,000 dollars her friend Bebe Bebe has promised to repay Wendy by paying her $7,500 in 5 years. What interest rate is Wendy making on her loan to Bebe? Select one: O a. Less than 6% b. Between 6% and 7% c. Between 7% and 8% d. Between 8% and 9% O e. Greater than 9%

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