Question: please solve this problem without using Excel and show all steps lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for

please solve this problem without using Excel and show all steps please solve this problem without using Excel and show all steps lan

lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for the first 10 years is credited at a nominal discount rate of d compounded monthly. And interest for the next 10 years is credited at a continuous force of interest d, thereafter at a nominal interest rate of 3% compounded quarterly. The accumulated balance in the fund at the end of 30 years is $6,571. Calculate d. A. 3.6% B. 4.5% C. 5.4% D. 6.3% E. 7.2% lan deposits $800 into a fund today and $1,200 seventeen years later. Interest for the first 10 years is credited at a nominal discount rate of d compounded monthly. And interest for the next 10 years is credited at a continuous force of interest d, thereafter at a nominal interest rate of 3% compounded quarterly. The accumulated balance in the fund at the end of 30 years is $6,571. Calculate d. A. 3.6% B. 4.5% C. 5.4% D. 6.3% E. 7.2%

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