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A 10-year loan of $3,000 is arranged to be settled by payments at the end of each year

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A 10-year loan of $3,000 is arranged to be settled by payments at the end of each year. It can be repaid under the following two options: i. Equal annual payments at an annual effective rate of 5.50%. ii. Installments of $300 each year plus interest on the unpaid balance at an annual effective rate of i. The sum of the payments under option (i) equals the sum of the payments under option (ii). Find i.