What rate of return are you earning on the loan

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Reference no: EM131924252

Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $357.42 starting one year from now.

In addition, he will make a final lump-sum payment of $140 three years from today.

What rate of return are you earning on the loan?

Reference no: EM131924252

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