Frank invests $1,000 at the beginning of 1989, 1990, and 1991 in Experience Investment Fund which credits money according to the investment year method using the following chart. Year of Year of Original in iz iz" y + 3 Portfolio Investment Rate 1988 0.05 0.045 0.04 0.04 1991 1989 0.07 0.065 0.06 0.035 1992 1990 0.055 0.07 0.045 0.04 1993 1991 0.07 0.045 0.04 0.06 1994 1992 0.065 0.055 0.06 0.04 1995 1993 0.06 0.06 0.06 0.05 1996 There are no withdrawals or further deposits. Suppose that money was equally likely to be invested in the Experience Investment Fund in any of the years 1988-1993. What was the average rate (%) of return paid by the fund during 1993? (Round your answer to two decimal places.) Frank invests $1,000 at the beginning of 1989, 1990, and 1991 in Experience Investment Fund which credits money according to the investment year method using the following chart. Year of Year of Original in iz iz" y + 3 Portfolio Investment Rate 1988 0.05 0.045 0.04 0.04 1991 1989 0.07 0.065 0.06 0.035 1992 1990 0.055 0.07 0.045 0.04 1993 1991 0.07 0.045 0.04 0.06 1994 1992 0.065 0.055 0.06 0.04 1995 1993 0.06 0.06 0.06 0.05 1996 There are no withdrawals or further deposits. Suppose that money was equally likely to be invested in the Experience Investment Fund in any of the years 1988-1993. What was the average rate (%) of return paid by the fund during 1993? (Round your answer to two decimal places.)