Using the function in exercise 4, implement a function NewDFV(Deposit, Years) . The function will return the

Question:

Using the function in exercise 4, implement a function NewDFV(Deposit, Years) . The function will return the future value of a deposit with the bank assuming the deposit and accrued interest is reinvested for a given number of years. Thus, for example, NewDFV(10000,10) will return 10000*(1.063) ∧ 10.

Data from in exercise 4

A bank offers different yearly interest rates to its customers based on the size of the deposit in the following way: • For deposits up to 1,000, the interest rate is 5.5% • For deposits from 1,000 and up to 10,000, the interest rate is 6.3% • For deposits from 10,000 and up to 100,000, the interest rate is 7.3% • For all other deposits the interest rate is 7.8%