Question: Can anyone help me solve this problem? What annual rate of return is implied on a $2,500 loan taken next year when $4,750 must be

Can anyone help me solve this problem?

What annual rate of return is implied on a $2,500 loan taken next year when $4,750 must be repaid in year 6 ? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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