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Question 19- Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $334.48 starting immediately.In addition, he

Question 19-

Jed wants to borrow $1,000 from you. He is proposing to repay you with three annual payments of $334.48 starting immediately.In addition, he will make a final lump-sum payment of $130 three years from today.What rate of return are you earning on the loan?

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