Choose the closest answer

a. 9,0%

b. 9,4%

c. 9,8%

d. 10,2%

e. 10,6%

  

PT Asset Max, an asset management company launched an investment product that has the following features: 1. The customer must make periodic payments of 1,000 at the beginning of each year for 20 years. 2. The product provides an effective interest rate of 5% per annum for the first 10 years and an effectivej per annum for the next 10 years. It is known that the equivalent rate of return on the investment is 8%, determining the value of j.