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= Homework: Chapt... Question 8, Problem 5-2... HW Score: 52%, 13 of 25 points O Points: 0 of 1 Save (Solving for r of an
= Homework: Chapt... Question 8, Problem 5-2... HW Score: 52%, 13 of 25 points O Points: 0 of 1 Save (Solving for r of an annuity) You lend a friend $15,000, which your friend will repay in 14 equal annual end-of-year payments of $2,000, with the first payment to be received 1 year from now. What rate of return does your loan receive? The rate of return your loan will receive is %. (Round to two decimal places.)
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