Question: Angela loans Kathy $ 8 , 0 0 0 . Kathy repays the loan by paying $ 6 , 0 0 0 at the end

Angela loans Kathy $8,000. Kathy repays the loan by paying $6,000 at the
end of one and a half years and $4,000 at the end of three years. The money
received at t D 11 is immediately reinvested at an annual effective interest 2
rate of 6%. Find Kathys annual effective rate of interest and Angelas annual
yield.

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