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Q 19 -- Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $326.39 starting immediately. Inaddition,

Q 19 --

Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $326.39 starting immediately. Inaddition, he will make a finallump-sum payment of $120 three years from today.

What rate of return are you earning on theloan? (Two decimalplaces.)

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