Problem 5-29 (similar to) ! Question Help (Solving for r of an annuity) You lend a friend $40,000, which your friend will repay in 7 equal annual end-of-year payments of $9,000, 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 15.25%. (Round to two decimal places.)