5.)Greg and Lou both have investment portfolios.

a) What is the current value of each portfolio? Based upon the provided information of Gregs and Lous portfolio. - Assume all interest has been paid for the entire time since purchase - All purchases were made at the beginning b) Who has the greater rate of return? Explain. Based upon provided values below for Greg and Lou's portfolio

Gregs portfolio: a 5-year $3000 GIC that earns 2.7%, compounded annually, which he purchased 4 years ago a 5-year $1500 CSB that earns 3.05%, compounded annually, which he purchased 4 years ago a savings account that earns 2.5%, compounded weekly for 5 years, into which he has been making deposits of $25 each week

Lous portfolio: a 5-year $1000 bond that earns 2.8% simple interest, which she purchased 4 years ago a 3-year $1000 CSB that earns 2.75%, compounded semi-annually, which she purchased 3 years ago a savings account that earns 2.15%, compounded monthly for 6 years, into which she has been making deposits of $125 each month