1. You deposit $800 in an account paying 9% interest compounding semi-annually and $600 in a second account paying 7% interest compounding semi-annually. When will the first

account have twice the accumulated value of the second account

b) Jade can buy a lot for $155,000 cash outright or $60000 down, $60000 in 2 years, and $60000 in 5 years. Which option is better if the money can be invested at 7.5% interest for the first 3 years and at 4% for the next 2 years compounded both quarterly.