Need help on question 8. Please write out solution.

at the he end of each eight K Tund paying interest at an annual effecnive Interest is paid out at the end c nest at an onth for eight of each year to a fund with an (eye "of 7.2' of 4%. Both funds are liquidated at each year to anual effective itof Melanie's liquidation from the two fnd of ten years o funds. an d. Darlene deposits $1.000 at the beginning of each interest at a nominal interest rate of i(12)-6% und is paid out monthly and is reinvested at a quarterly liquidates her money at the end of twelve years, 2 a ten-year period, Dute into a fund earning ring interest fron r her last deposit of $1,000. Find an ex years after yers of Darlern the accumulate rate j. [HINT: Begin by making a any an t having the quarterly interest rate of annuity symbols used are at value of Darlene's investme aINT: Begin by making a timeline showing the deposits i inter- coun n interest periods has a payment at the end of each m-th ot unt Q more than their predecessor. Show that this annuity has mulated value rn Ps ) + rn2 r)GH) _ n) at the end of the n-th interest 8) An annuity lasting interest od. The first payment is for an amount P and further payments an interest period period ty lasting n interest periods has a payment at the end of each m-th of riod. The first payment is for an amount P. Payments are level an interest within each interest period, and the the individual payments increases by an