6.

Problem #6: Suppose that Anna invests $110 into an account that earns interest for the first 8 years at a nominal annual rate of [3 marks] i% compounded semiannually. After the first 8 years the account earns interest according to a nominal annual discount rate of i% compounded quarterly. At the end of 12 years the amount in the account has accumulated to $154. Determine the value of i as a percentage. (A) 2.81 (B) 2.68 (C) 2.42 (D) 2.94 (E) 2.55 Problem #6: Select