Marcellus has been saving $3,600 at the beginning of every year for 27 years. Now, at the end of the 27^th year his investments have reached a value of $606,500. What effective annual rate has he earned on his investments?

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The Answer of Marcellus has been saving $3,600 at the beginning of every year for 27 years. Now, at the end of the 27^th year his investments have reached a value of $606,500. What effective annual rate has he earned on his investments?

Marcellus Has Been Saving $3,600 at the Beginning of Every