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Help please :) (Solving for rof an annuity You lend a friend $25,000, which your triend wit repay in 9 equal annual end-of-year payenents of
Help please :)
(Solving for rof an annuity You lend a friend $25,000, which your triend wit repay in 9 equal annual end-of-year payenents of $5,000, weth the fins payment to be received 1 year trom now. What rate of retum does your losh receive? The rate of reluen your loan will recelve is 4. (Round to two decimal places ) Step by Step Solution
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