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Question 1 (4 points) Kevin made an initial deposit on 1/1/2012 into an account that earns 1.88% interest compounded semiannually. If Kevin is withdrawing $2,152.85
Question 1 (4 points) Kevin made an initial deposit on 1/1/2012 into an account that earns 1.88% interest compounded semiannually. If Kevin is withdrawing $2,152.85 from the account at the end of each six months and the balance of the account on 1/1/2020 was $46,062.15, then do the following: The amount of interest that he earned for the compound period that started on 1/1/2020 and ended on the day before 7/1/2020 was $ . The balance of the account on 7 7/1/2020 was $ Question 2 (2 points) If $9.558 is deposited into an account that earns simple interest and it takes 13 years to earn $3.976.13 in total interest, then the annual interest rate for the account is % (Round to one decimal place)
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