question No.2

if you dont know just dont answer it

Problem #1: How many years does it take for a deposit of $1000 to reach $2300 with an annual effective interest rate of 14.1%? Problem #1: 6.3145 Answer correct to 4 decimals. Just Save Submit Problem #1 for Grading Attempt Attempt 24 Attempts Problem #1 Your Answer: Your Mark: Attempt #1 6.3100 0/2X Attempt #2 6.3145 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: 0.6628 Answer correct to 4 decimals. Just Save Submit Problem #2 for Grading Attempt #4 Attempt 5 Problem #2 Your Answer: Your Mark: Attempt 1 6.3145 0/2X Attempt #2 6.6628 0/2X Attempt 0.6628 0/2x