Question
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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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
