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$ 5 8 0 0 is invested for 1 0 years at the following interest rates: = 8 . 5 % for the first 4

$5800 is invested for 10 years at the following interest rates: =8.5% for the first 4 years; =7% for the next 4 years (following the first 4 years); and =4% for the final 2 years.a) Determine the accumulated value of the investment after 10 years.Answer: $b) What equivalent nominal rate, , was earned over the 10-year period?Answer: %

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