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Wallace deposits $100 into a bank account that pays a constant force of interest of 8 for 25 years. Gromit deposits $80 into a different
Wallace deposits $100 into a bank account that pays a constant force of interest of 8 for 25 years. Gromit deposits $80 into a different bank account that pays an annual effective discount rate of 5% for 20 years. Gromit earned 75% as much interest cver 20 years than Wallace earned over 25 years. Determine 5. 3.7% B 4.0% 4.3% 4.6% E 4.9%
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