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Problem #8: An initial deposit of $10500 is made into an account now, and a second deposit of $24000 is made into the same account
Problem #8: An initial deposit of $10500 is made into an account now, and a second deposit of $24000 is made into the same account after 15 years. During the first 10 years, the account earns interest quoted at a nominal quarterly discount rate of d%. After 10 years have passed, any money in the account earns a nominal semi-annual interest rate of 6.2%. At the end of 30 years, the total value of the account will be $155034. What is the value of d (to the nearest 0.1%)? d as a percentage, correct to 1 decimal Problem #8: Submit Problem #8 for Grading Just Save Attempt #1 Attempt #2 Attempt #4 Attempt #5 Attempt #3 Problem #8 Your Answer: 7.4 10.0 Your Mark: 0/2X 0/2X
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