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Jed wants to borrow $1000 from you.He is proposing to repay you with three annual payments of $320.11 starting immediately. In addition, he will make
Jed wants to borrow $1000 from you.He is proposing to repay you with three annual payments of $320.11 starting immediately. In addition, he will make a final lump-sum payment of $200 three years from today. What rate of return are you earning on the loan? What rate of return are you earning on the loan?
(Round to two decimal places.)
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