Question: Let the effective interest rate be 5% for the first 6 years and 4% for the next 4 years. Find the future value of the

Let the effective interest rate be 5% for the first 6 years and 4% for the next 4 years. Find the future value of the annuity-immediate at the end of the 10-year period with an annual payment of $100.

a) 1150.89

b) 1198.78

c) 1210.46

d) 1215.29

e) 1220.38

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