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Derek can deposit $ 2 6 0 . 1 2 per month for the next 1 0 years into an account at Bank A .

Derek can deposit $260.12 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.18% and compounds interest monthly. Derek can deposit $2,521.48 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%,% sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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