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Deposits of X are made into Fund A at the end of each year for 10 years. The effective annual rate of interest for Fund
Deposits of X are made into Fund A at the end of each year for 10 years. The effective annual rate of interest for Fund A is 5% for the first five years and 3% for the next 5 years. Deposits of X are made into Fund B at the end of each year for 10 years. The effective annual rate of interest for Fund B is i% for the 10 year period. The amount in each fund is the same after 10 years. Find i. A) 3.5 B)3.7 C)4.0 D) 4.3 E) 4.5
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