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Problem 4-38 Solving for Rates (LG7) What annual rate of return is implied on a $2,500 loan taken next year when $3,875 must be repaid

Problem 4-38 Solving for Rates (LG7)

What annual rate of return is implied on a $2,500 loan taken next year when $3,875 must be repaid in year 4? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Annual rate of return

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