Question: The first-year one-year interest rate is 1.6%, the second-year (also one-year) interest rate is 2.35%, the third-year (also one-year) interest rate is 2.7%, and the

The first-year one-year interest rate is 1.6%, the second-year (also one-year) interest rate is 2.35%, the third-year (also one-year) interest rate is 2.7%, and the fourth-year (also one-year) interest rate is 3.31%. What is the four-year total holding interest rate if you reversed the sequence of rates (highest in year 1, lowest in year 4)?

Pretty certain the other similar answers are incorrect. Please show all calculations so I can see what I need to do.

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