Problem #1: How many years does it take for a deposit of $1000 to reach $2300 with an annual effective interest rate of 10.3%? Problem #1: Answer correct to 4 decimals. Just Save Submit Problem #1 for Grading Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #1 Your Answer: Your Mark: Attempt #1 22.3300 0/2x 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: Answer correct to 4 decimals. Just Save Submit Problem #2 for Grading Attempt #1 Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #2 Your Answer: Your Mark