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Alex loans Sally 1 0 0 0 0 which will be repaid with 3 annual payments of 4 5 0 0 . Alex takes each
Alex loans Sally which will be repaid with annual payments of Alex takes each payment from Sally and reinvests the payment at an annual effective interest rate of x Assume that Alex's annual yeild rate is taking into account of reinvestment is What is x and how do we calculate x
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