Problem 2:

George received 12,345 $ for his services as a consultant to the mayors office of his hometown of Boston. He has invested his money into an account paying 3,98% annual interest and left the account in his will to the city of Boston on the condition that the city could not collect any money from the account for 200 years. How much money will the city receive in 200 years from Georges generosity? Picture the problem, decide on a solution strategy, solve and analyze. (20 points)