An investment of $2000 is made for 5 years at a rate of %6 per year simple interest.

a) What is the accumulated value at the end of 5 years?

b)What is the effective rate of interest in the 5th year?

c)What rate of annually compounded interest will result in the same accumulated value at the end of 5 years as the investment above?

d)If the annually compounded interest of %6 was offered, what initial investment would be required to produce the same accumulated value at the end of 5 years as the investment above

**Please state any formulas. Thank you**