Question: > Question 13 2 pts Victor invests 400 into a bank account at the beginning of each year for 21 years. The account pays a

> Question 13 2 pts Victor invests 400 into a bank account at the beginning of each year for 21 years. The account pays a out interest at the end of every year at an annual effective interest rate of i%. The interest is reinvested at an annual effective rate of (i/2)%. The yield rate on the entire investment over the 21 year period is 8% annual effective. Determine i. [5.a-c #04] O 10.4% O 11.3% O 10.1% O 11% O 10.7% > Question 13 2 pts Victor invests 400 into a bank account at the beginning of each year for 21 years. The account pays a out interest at the end of every year at an annual effective interest rate of i%. The interest is reinvested at an annual effective rate of (i/2)%. The yield rate on the entire investment over the 21 year period is 8% annual effective. Determine i. [5.a-c #04] O 10.4% O 11.3% O 10.1% O 11% O 10.7%
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