Jed wants to borrow 1000 from you he is proposing to repay, Ask an Expert

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Jed wants to borrow $1,000 from you. He is proposing to repay you with three end-of-year payments of $309.18.

In addition, he will make a final lump-sum payment of $110.

What rate of return are you earning on the loan?

Answer rounded to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92264711

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