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13. You lend 10,000 and the borrower agrees to pay 8% interest at the end of each year for 5 years and then return the

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13. You lend 10,000 and the borrower agrees to pay 8% interest at the end of each year for 5 years and then return the 10,000. You will reinvest the interest payments at 6%. a) How much will you have in total in 5 years? b) What annual effective rate did you earn over the 5 years on your investment of 10,000

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