Question: Consider the expressions given in question a and b below, interpreting each as the total value of a savings account into which you have been

Consider the expressions given in question a and b below, interpreting each as the total value of a savings account into which you have been depositing $200 each year on January 1 (starting on January 1, 2011), and which compounds 5% interest annually on December 31 of each year.

a. ($200)(1.05)⁴ + ($200)(1.05)³+ ($200)(1.05)²+ ($200)(1.05)¹

b. ($200)(1.05)⁴ + ($200)(1.05)³+ ($200)(1.05)²+ ($200)(1.05)¹ + $200

what are the different interpretation of them?

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