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Five deposits of 650 are made into a fund at 3-year intervals with the first deposit at the beginning of the first year. The fund

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Five deposits of 650 are made into a fund at 3-year intervals with the first deposit at the beginning of the first year. The fund earns interest at an annual effective note of 3% during the first six years and at an annual effective rate of 6% after that. There are additional deposits of 600 at t-21 and 400 ot -24 Find the 3-year interest rate that would prevaill during the first 6 years. CADO B. 092727 C. The correct answer does not appear her D..18562 E08970

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