Question: 1. Calculate the future value after 3 years if $1000 is deposited at 4.5% simple interest. 2. Calculate the future value after 5 years if

1. Calculate the future value after 3 years if $1000 is deposited at 4.5% simple interest.
2. Calculate the future value after 5 years if $4000 is deposited at 3% simple interest.
Use difference equations to answer the question.

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