What is the yield to maturity on a simple loan of $35,000 that requires a repayment of $40,000 in 3 years?

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
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What is the yield to maturity on a simple loan of $35,000 that requires a repayment of $40,000 in 3 years?

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