Home Safe's insurance policy provides for a lump sum benefit of $ XXXXXXXXXXfifteen years from now. Alternatively, payments of $ XXXXXXXXXXmay be received at the beginning of each of the next fifteen...

Home Safe's insurance policy provides for a lump sum benefit of $450 000.00 fifteen years from now. Alternatively, payments of $25700.00 may be received at the beginning of each of the next fifteen years. What is the effective rate c f interest if interest is compounded quarterly?