- Em 5 16 Points Borrowed 2 000 From Vivian And Promised To Pay Her 2 200 After 1 5 Years What Simple Interest Rate 1 (28.55 KiB) Viewed 40 times
em 5 (16 points): borrowed $2,000 from Vivian and promised to pay her $2,200 after 1.5 years. What simple interest rate
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em 5 (16 points): borrowed $2,000 from Vivian and promised to pay her $2,200 after 1.5 years. What simple interest rate
em 5 (16 points): borrowed $2,000 from Vivian and promised to pay her $2,200 after 1.5 years. What simple interest rate does he has in mind? (5 pts.) If the interest rate is not simple, but compounded every six months, what is the effective annual interest rate that he will pay? (7 pts.) -mber: Clearly show the cash flow diagram(s) and the necessary equivalent (s). (4 pts)