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(Solving for r of an annuity) You lend a friend $10,000, which your friend will repay in 12 equal annual end-of-year payments of $2,000,
(Solving for r of an annuity) You lend a friend $10,000, which your friend will repay in 12 equal annual end-of-year payments of $2,000, with the first payment to be received 1 year from now. What rate of return does your loan receive?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
