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you've hit it big time and an old friend from your days at BAC has asked you to loan them $15,000,000 for their new airline
you've hit it big time and an old friend from your days at BAC has asked you to loan them $15,000,000 for their new airline that caters to pets. Your friend says they will have the cashflow to pay back $1,750,000 annually over the next 25 years. What rate of return would you be making on this loan? (please put your answer as a decimal)
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