Question 10! Thank you!

9. The following table gives the pattern of investment year rates over a three-year period and where m 2 years is the time after which the portfolio interest rate method is applicable on an investment. Investment Portfolio Calendar Year of Portfolio Calendar Year of Original Investment y Year Rates Rate y 2 Rates it2 9.00% 10.00% 11.00% z2 Z 7.00% z+1 8.00% 5.00% z2 Frank invests 1000 at the beginning of each of calendar years z, z + 1, z + 2. What is the total amount of interest credited to Frank's account for calendar year z + 2? Round your answer to the nearest whole number. Answer 10. Using the table from problem (9). An investment of 1000 is made at the beginning of each of calendar years z, z + 1, and z + 2. What is the average annual effective time-weighted rate of return for the three year period? Give your answer as a percentage rounded to one decimal place Hint: Find the absolute growth over this three year period and then from there you can take this three-year effective growth rate and "translate" it into a one-year effective growth rate