Question: Fin 301-01 (Fall 2019) Save Homework: Chapter 5 Homework HW Score: 0%, 0 of 36 pts 11 of 18 (0 complete) Score: 0 of 1
Fin 301-01 (Fall 2019) Save Homework: Chapter 5 Homework HW Score: 0%, 0 of 36 pts 11 of 18 (0 complete) Score: 0 of 1 pt Problem 5-28 (similar to) Question Help (Solving for r of an annuity) You lend a friend $40,000, which your friend will repay in 13 equal annual end-of-year payments of $5,000, with the first payment to be received 1 year from now. What rate of return does your loan receive? %. (Round to two decimal places.) The rate of return your loan will receive is Enter your answer in the answer box and then click Check Answer All parts showing otse & BOW co search
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