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You lend a friend $ 3 0 , 0 0 0 , which your friend will repay in 1 4 equal annual end - of
You lend a friend $ which your friend will repay in equal annual endofyear payments of $ with the first payment to be receivYou lend a friend $ which your friend will repay in equal annual endofyear payments of $ with the first payment to be received year from now. What rate of return does your loan receive?ed year from now. What rate of return does your loan receive?
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