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Problem #8: An initial deposit of $9000 is made into an account now, and a second deposit of $18000 is made into the same account
Problem #8: An initial deposit of $9000 is made into an account now, and a second deposit of $18000 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 4.1%. At the end of 30 years, the total value of the account will be $91218. What is the value of d (to the nearest 0.1%)? Problem #8: 12.4 d as a percentage, correct to 1 decimal Just Save Submit Problem #8 for Grading Attempt #5 Problem #8 Your Answer: Your Mark: Attempt #1 -0.09 Attempt #2 -0.9 0/2X Attempt #3 100.9 Attempt #4 12.4 0/2x 0/2 x 0/2x
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