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 Kathy’s annual effective rate of interest and Angela’s annual yield. 10.

Sep 8, 2023

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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 Kathy’s annual effective rate of interest and Angela’s annual yield. 10.
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