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2. Sue plans to deposit $2000 into her savings account today and leave it there for 20 years. How much will be in her account
2. Sue plans to deposit $2000 into her savings account today and leave it there for 20 years. How much will be in her account at the end of twenty years if a. interest is credited using a simple annual interest rate of 5%? b. Interest is credited using an effective annual discount rate of 5%? c. Interest is credited using a force of interest 8+ = .005t? 2. Sue plans to deposit $2000 into her savings account today and leave it there for 20 years. How much will be in her account at the end of twenty years if a. interest is credited using a simple annual interest rate of 5%? b. Interest is credited using an effective annual discount rate of 5%? c. Interest is credited using a force of interest 8+ = .005t
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