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What annual rate of return is implied on a $2,500 loan taken next year when $4,625 must be repaid in year 5?(Do not round intermediate
What annual rate of return is implied on a $2,500 loan taken next year when $4,625 must be repaid in year 5?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
