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Alex loans Boris 12,000 dollars today. Boris agrees to repay the loan with three annual payments of 4,500 dollars. For each payment, Alex reinvests 3,000

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Alex loans Boris 12,000 dollars today. Boris agrees to repay the loan with three annual payments of 4,500 dollars. For each payment, Alex reinvests 3,000 dollars at an annual effective interest rate of 8% and reinvests 1,500 dollars at an annual effective interest rate of 4%. Determine Alex's annual yield rate on the loan over the period of three years taking into account reinvestment

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