Question: Please answer all parts and show all work, and do not use excel. Thanks! 1. Bruce deposits $100 into a bank account. His account is

Please answer all parts and show all work, and do not use excel. Thanks!

Please answer all parts and show all work, and do not use

1. Bruce deposits $100 into a bank account. His account is credited interest at a force of interest of 5% in the first 2 years, and then at a nominal annual interest rate of 6% compounded quarterly. At the same time, Peter deposits $150 into a separate account. Peter's account is credited interest at a simple interest rate of i in the first 3 years, and then at a nominal annual discount rate of 6% compounded monthly. There are no further deposits or withdrawals. After 7.5 years, Peter's account value is 1.5 times of Bruce's account value. Calculate i. 1. Bruce deposits $100 into a bank account. His account is credited interest at a force of interest of 5% in the first 2 years, and then at a nominal annual interest rate of 6% compounded quarterly. At the same time, Peter deposits $150 into a separate account. Peter's account is credited interest at a simple interest rate of i in the first 3 years, and then at a nominal annual discount rate of 6% compounded monthly. There are no further deposits or withdrawals. After 7.5 years, Peter's account value is 1.5 times of Bruce's account value. Calculate

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