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What rate of return are you earning on the loan

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Problem - Jed wants to borrow $1,000 from you, He is proposing to repay you with three annual payments of $283.46 starting immediately. In addition, he will make a final lump-sum payment of $190 three years from today. What rate of return are you earning on the loan? What rate of return are you earning on the loan?

Reference no: EM132853065

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