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please solve this problem without using Excel and show all steps lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for
please solve this problem without using Excel and show all steps lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for the first 10 years is credited at a nominal discount rate of d compounded monthly. And interest for the next 10 years is credited at a continuous force of interest d, thereafter at a nominal interest rate of 3% compounded quarterly. The accumulated balance in the fund at the end of 30 years is $6,571. Calculate d. A. 3.6% B. 4.5% C. 5.4% D. 6.3% E. 7.2% lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for the first 10 years is credited at a nominal discount rate of d compounded monthly. And interest for the next 10 years is credited at a continuous force of interest d, thereafter at a nominal interest rate of 3% compounded quarterly. The accumulated balance in the fund at the end of 30 years is $6,571. Calculate d. A. 3.6% B. 4.5% C. 5.4% D. 6.3% E. 7.2%
please solve this problem without using Excel and show all steps
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