QUESTION 2 The following table gives the patter of investment year rates and portfolio rates over a given period of time. After three years of using investment year rates for a particular year the portfolio interest rate method is applicable on an investment. Investment Investment Year Rates Year Year 1 Year 2 Year 3 2005 9.00% 9.50% 9.75% 2006 9.70% 9.80% 9.30% 2007 8.40% 8.35% 7.52% 2008 7.25% 6.43% 5.15% 2009 4.25% 4.00% 2010 3.25% Portfolio Rates 10.20% 9.85% 8.25% Frank invests 1000 at the beginning of each calendar years 2005, 2006, 2007, and 2008. What is the value of the fund at the end of 2010? Give your answer as a whole number (.e. X). QUESTION 2 The following table gives the patter of investment year rates and portfolio rates over a given period of time. After three years of using investment year rates for a particular year the portfolio interest rate method is applicable on an investment. Investment Investment Year Rates Year Year 1 Year 2 Year 3 2005 9.00% 9.50% 9.75% 2006 9.70% 9.80% 9.30% 2007 8.40% 8.35% 7.52% 2008 7.25% 6.43% 5.15% 2009 4.25% 4.00% 2010 3.25% Portfolio Rates 10.20% 9.85% 8.25% Frank invests 1000 at the beginning of each calendar years 2005, 2006, 2007, and 2008. What is the value of the fund at the end of 2010? Give your answer as a whole number (.e. X)