QUESTION 2 $5,000 is deposited today into a bank account. The account earns 7.2% per annum compounded half yearly for the first 6 years, then 6.8% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (a) Calculate the account balance six months from today Answer: $5,000 is deposited today into a bank account. The account earns 7.2% per annum compounded half yearly for the first 6 years, then 6.8% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (b) Calculate the account balance 6 years from today. Answer: $5,000 is deposited today into a bank account. The account earns 7.2% per annum compounded half yearly for the first 6 years, then 6.8% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (c) Calculate the account balance 6.5 years from today. Answer: $5,000 is deposited today into a bank account. The account earns 7.2% per annum compounded half yearly for the first 6 years, then 6.8% per annum compounded quarterly thereafter. Assuming no further deposits or withdrawals are made, (d) Calculate the account balance 10 years from today