Question: Problem 3 Sally lent a friend $ 1 0 , 0 0 0 at 1 5 % interest, compounded annually. The loan will be repaid

Problem 3
Sally lent a friend $10,000 at 15% interest, compounded annually. The loan will be repaid in five
equal end-of-year payments. Sally expects the inflation rate to be 10%. After taking inflation into
account, what rate of return is Sally receiving on the loan, rounded to the nearest tenth of a percent?
Problem 3 Sally lent a friend $10,000 at 15% interest, compounded

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