Question: Elyse invests $16,312 at t = 0. In return, she gets $8,000 at t = 1 and $10,000 at t = 2. Half of the

Elyse invests $16,312 at t = 0. In return, she gets $8,000 at t = 1 and $10,000 at t = 2. Half of the time 1 payment, she reinvests an annual effective interest rate of 5%. What is her annual yield rate for the two-year period?

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