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Business, 16.03.2020 23:19 goodkida7

You lend a friend $30 comma 000, which your friend will repay in 5 equal annual end-of-year payments of $10 comma 000, with the first payment to be received 1 year from now. What rate of return does your loan receive?

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You lend a friend $30 comma 000, which your friend will repay in 5 equal annual end-of-year payments...
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