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An investor deposited $1000 into the bank for two years and three months in the following cases: (1) The simple interest rate 4%; (2) The
An investor deposited $1000 into the bank for two years and three months in the following cases: (1) The simple interest rate 4%; (2) The compound interest rate 4%; (3) The (compound) discount rate 4%; (4) The quarterly nominal interest rate 4%; (5) The monthly nominal discount rate 4%; (6) The interest force 4%; Calculate the accumulated value at the end of two years and three months respectively in the above six cases.
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