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Question 1 (8 marks) April 1, 2007, John invests $1,000 in a bank account. The investment grows at i (2) = 6% in 2007, d

Question 1 (8 marks) April 1, 2007, John invests $1,000 in a bank account. The investment grows at i (2) = 6% in 2007, d (5) = 6% in 2008, and = 6% afterwards. Suppose that a month is of a year. What is the value of the bank account as of May 1, 2010?

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