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revAdmin (Created page with " A bank issues a loan to be repaid by level end-of-year payments for ten years at an annual effective interest rate of 10%. The bank invests these payments at an annual effective interest rate of 10% for the first four years and 7% for the next six years. Calculate the bank’s annual effective yield rate on this loan over the ten-year period. <ul class="mw-excansopts"><li>7.90%</li><li>8.20%</li><li>8.33%</li><li>8.67%</li><li>9.10%</li></ul> {{soacopyright | 2023 }}")Nov 19'23 at 13:20+475