(Solving for r of an annuity) You lend a friend $15,000, which your friend will repay in 8 equal annual end-of-year payments of $3,000, 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 % (Round to two decimal places) (Solving for r of an annuity) You lend a friend $15,000, which your friend will repay in 8 equal annual end-of-year payments of $3,000, 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 % (Round to two decimal places) Clear all Check