Question: 2. (10 marks] Jeff needs to accumulate $300 at the end of year 10. To do so, Jeff deposits $20 into an account at the

2. (10 marks] Jeff needs to accumulate $300 at the end

2. (10 marks] Jeff needs to accumulate $300 at the end of year 10. To do so, Jeff deposits $20 into an account at the end of each year for the first 6 years. He deposits an additional $20 at the end of years 4, 5 and 6 to meet his goal. The annual effective interest rate is i(1) 10% in the first 6 years, and r thereafter. Find r. =

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