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Jed wants to borrow$1,000 from you. He is proposing to repay you with three annual payments of $327.64 starting immediately. In addition, he will make

Jed wants to borrow$1,000 from you. He is proposing to repay you with three annual payments of $327.64 starting immediately. In addition, he will make a final lump-sum payment of $140 three years from today.

What rate of return are you earning on the loan?

? %

(Round to two decimal places.)

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