EXAMPLE: If you invest $1200 every year (P = 1200) for 3 years (t=3) at an interest rate of 5% (r = 0.05) compounded weekly (n = 52), then the first year's investment of $1200 would earn interest for 3 years, but then the next year, the next investment of $1200 would only earn interest for 2 years, and then the final investment of $1200 would only earn interest for 1 year. This lends itself to the following: 52 52(3) Doing] 1[1+%] 52 52 2 $3,981.74 C(t) : You have to be sure not to round until the very end where you round to the nearest cent. (So be sure to keep as many decimal places as possible until the end, as you will be taken off for rounding before then.) For more information about round-off errors click on the link: http://mathworld.wolfram.comlRou ndoffError.html Your answers should be typed and in a single document. If you would like to attach your work, scan it and add it to the end of your typed document. You can either attach a Word file or a pdf file. Many word processing programs will save a document as a pdf file if you seiect Save as and took for file types. 1) How much will you have accumulated over a period of 20 years if, in an IRA which has a 1 1% interest rate compounded monthly, you annually invest: a. $ 1 00 b. $3000 6. $10,000 (1. Part (a) is called the ehctive yield of an account. How could Part (a) be used to determine Parts (b) and (c)? (Your answer should be in complete sentences free of grammar, spelling, and punctuation mistakes.) (Total of 15 points)