Question: The answer is 10.02% Please show step by step and formulas used. Problem 32.8 Kathy pays 1,000 at the end of each year into Fund

The answer is 10.02% Please show step by step and formulas

The answer is 10.02%

Please show step by step and formulas used.

Problem 32.8 Kathy pays 1,000 at the end of each year into Fund A which earns interest at an annual effective interest rate of i. At the end of each year, the interest earned is transferred to Fund B earning 10% interest. After 10 years. Kathy has 15,947.52. Calculate

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