Q3) (20 Points- 10 points each for A and B) eneral-purpose transducers invested $2 million 4 ago in high-yield junk bonds. If the bonds are now worth $2.8 million, what rate t return per year did the company make on the basis of (a) simple interest and (b) A) A company that manufactures g compound interest? B) What is the equivalent worth on December 31,1990, of $1,295 deposited on December 31,19837 Use an interest rate of 6%. Present the conomic cquivalence function required, showing first the functional notation and then its numerical value