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Homework: Chapter 5 Homework Save 11 of 18 (5 complete) HW Score: 12.5%, 4.5 of 36 Score: 0 of 1 pt Problem 5-28 (similar to)

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Homework: Chapter 5 Homework Save 11 of 18 (5 complete) HW Score: 12.5%, 4.5 of 36 Score: 0 of 1 pt Problem 5-28 (similar to) E Question Help (Solving for r of an annuity) You lend a friend $35,000, which your friend will repay in 10 equal annual end of year payments of $6,000, 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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