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(Solving for r of an annuity) You lend a friend $30,000 which your friend will repay in 13 equal annual end-of-year payments of $5,000 with

(Solving for r of an annuity) You lend a friend $30,000 which your friend will repay in 13 equal annual end-of-year payments of $5,000 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 ???

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