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Question 6 . 1 0 To accumulate 3 6 , 4 1 9 . 7 4 at the end of 3 n years, deposits of

Question 6.10
To accumulate 36,419.74 at the end of 3n years, deposits of 174 are made at the end of
the first n years, and deposits of 87 are made at the end of each of the next 2n years.
The annual effective interest rate is i, and you are given that:
(1+i)n=3
Calculate i.
A 7.64%
B 10.51%
C 10.75%
D 14.81%
E 15.05%
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