Question: Question 15 2 pts Eric deposits 14 into a fund at time 0 and an additional 14 into the same fund at time 14. The

Question 15 2 pts Eric deposits 14 into a fund at

Question 15 2 pts Eric deposits 14 into a fund at time 0 and an additional 14 into the same fund at time 14. The fund credits interest at an annual effective rate of i. Interest is payable annually and reinvested at an annual effective rate of 0.52i. At time 28, the accumulated amount of the reinvested interest payments is equal to 56. Calculate i, i > 0. [5.a-c #07] O 6.6% O 6.4% O 6.2% O 6.8% O O 6%

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