you lend a friend 25,000, which your friend will repay in 14 equal annual end of...

you lend a friend 25,000, which your friend will repay in 14 equal annual end of year payments of $4,000 w/ the first payment to be recieved 1 yr from now. ehat rate does your loan recieve ?

Expert Solution

ekkarill92 answered 1 year ago

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