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(4 points) Starting on January 1, 1887, George Crabtree deposits $16 every year into his savings account for 32 years. George's balance immediately after the 32nd deposit (January 1, 1918) is 5 times the balance he had immediately after the 16th deposit (January 1, 1902). Find the effective annual interest rate earned by George. Answer = %. (4 points) Starting on January 1, 1887, George Crabtree deposits $16 every year into his savings account for 32 years. George's balance immediately after the 32nd deposit (January 1, 1918) is 5 times the balance he had immediately after the 16th deposit (January 1, 1902). Find the effective annual interest rate earned by George. Answer = %