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Q.1 Complete the table a. $1000 deposited at the end of each year at 8% per year, compounded annually. (6 marks) Year 1 2

Q.1 Complete the table a. $1000 deposited at the end of each year at 8% per year, compounded annually. (6 marks) Year 1 2 3 4 Starting Balance Interest Earned Deposit $0 $1000 $0 $80 $1000 Ending Balance $1000 $1000 $2080 $2080 $1000 $1000 b. $100 deposited at the end of each month @ 6% per year, compounded monthly. (6 marks)

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