You are given a loan on which interest is charged over a 4-year period as follows: (i) An effective rate of discount of 6% for the 1st year (ii) A nominal rate of discount of 5% compounded every 4 years for the 2nd year (iii) A nominal rate of interest of 8% compounded quarterly for the 3rd year (iv) A force of interest of 3% for the 4th year Calculate the annual effective rate of interest over the 4-year period. O A 5.36% B. 5.84% C. 5.98% D 6.19% O E, 6.22% You are given a loan on which interest is charged over a 4-year period as follows: (i) An effective rate of discount of 6% for the 1st year (ii) A nominal rate of discount of 5% compounded every 4 years for the 2nd year (iii) A nominal rate of interest of 8% compounded quarterly for the 3rd year (iv) A force of interest of 3% for the 4th year Calculate the annual effective rate of interest over the 4-year period. O A 5.36% B. 5.84% C. 5.98% D 6.19% O E, 6.22%