Rita borrows 5000 from her parents she repays them 6000
Rita borrows $5,000 from her parents. She repays them $6,000. What is the interest rate if she pays the $6,000 at the end of year 2? At the end of year 5? Draw a cash flow diagram. Show all steps.
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rita borrows 5000 from her parents she repays them 6000 what is the interest rate if she pays the 6000 at the end of
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