Solution-What rate of return are you earning on the loan

What rate of return are you earning on the loan

Reference no: EM132348012

Jed wants to borrow $1000 from you. He is proposing to repay you with 3 annual payments of $318.45 starting immediately. In addition he will make a final lump-sum payment of $130 three years from today. What rate of return are you earning on the loan? Round to two decimal places.

Reference no: EM132348012

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What rate of return are you earning on the loan

Reference no: EM132348012

Reference no: EM132348012

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