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(Solving for r of an annuly) You lend a friend $50,000. which your friend will repay in 15 egual annual end-of-year payments of $8,000, with

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(Solving for r of an annuly) You lend a friend $50,000. which your friend will repay in 15 egual annual end-of-year payments of $8,000, with the first payment to be received 1 year from now. What rate of rebum does your loan recoive? The rate of return you loan will recolve a 4. (Round to two decimal places.) (Solving for r of an annuly) You lend a friend $50,000. which your friend will repay in 15 egual annual end-of-year payments of $8,000, with the first payment to be received 1 year from now. What rate of rebum does your loan recoive? The rate of return you loan will recolve a 4. (Round to two decimal places.)

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