Question: **please answer correctly :) I post a lot for this financial mathematics class and they seem to be answered wrong a lot!! 4. Angela loans
**please answer correctly :) I post a lot for this financial mathematics class and they seem to be answered wrong a lot!!
4. Angela loans Kathy $8,000. Kathy repays the loan by paying $5,000 at the end of one and a half years and $5,000 at the end of three years. The money received at t = is immediately reinvested at an annual effective interest rate of 5%. Find Kathy's annual effective rate of interest and Angela's annual yield. (Round your answers to two decimal places.)
Kathy's annual effective rate of interest = ________ %
Angela's annual yield = ___________%
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