need #2

Problem #1: How many years does it take for a deposit of $1000 to reach $2500 with an annual effective interest rate of 10.7%? Problem 21: 9.0138 Answer correct to 4 decimals. Just Save Submit Problem for Grading Attempt #3 Problem #1 Your Answer: Your Mark: Attempt #4 Attempt #1 9.0139 0/2x Attempt #5 Attempt #2 9.0138 2/2 Problem #2: Redo Problem #1 above, compounding for each complete year, but using simple interest for any remaining fraction of a year at the end. (This is what is actually done in practice.) Problem #2: 9.18 Answer correct to 4 decimals. Just Save Submit Problem #2 for Grading Problem #2 Your Answer: Your Mark: Attempt #1 2500.1691 0/2x Attempt #2 10.2284 0/2x Attempt 5 Attempt 3 0.0329 0/2x Attempt #4 9.18 0/2x