Question: 4) (8 marks) a) (4 marks) Winston deposits $A in an account today. He plans to withdraw $200 at the beginning of every year for

4) (8 marks) a) (4 marks) Winston deposits $A in an

4) (8 marks) a) (4 marks) Winston deposits $A in an account today. He plans to withdraw $200 at the beginning of every year for 15 years, first withdrawal today. The account earns j2 = 6% for the first 8 years and j2 = 4% thereafter. What is the value of A? b) (4 marks) Deposits of $300 are made at the end of each month for five years into an account that earns interest at j2 = 5%. The account credits simple interest for fractional periods. What is the accumulated value of this account just after the 60th monthly deposit is made

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