Problem #1: How many years does it take for a deposit of $1000 to reach $2300 with an annual effective interest rate of 10.3%? Problem #1: Answer correct to 4 decimals. Problem #2: Redo Problem #1 above, compounding for each complete year, but using simple interest for any remaining fraction of a year at the end. (This is what is actually done in practice.) Problem #2: Answer correct to 4 decimals