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.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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. 

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