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Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $341.59 starting one year from now. In

Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $341.59 starting one year from now. In addition, he will make a final lump-sum payment of $160 three years from today.



What rate of return are you earning on the loan? 


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