You lend a friend $10,000, which your friend will repay in 5 equal annual​ end-of-year payments of ​$3,000​, with the first payment to be received 1 year from now. What rate of return does your loan​...


You lend a friend $10,000, which your friend will repay in 5 equal annual​ end-of-year payments of ​$3,000​, with the first payment to be received 1 year from now. What rate of return does your loan​ receive?


I need to be able to use excel and manually calculate as well.



Jun 08, 2022
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