1- An investment account offers an interest rate of 8% per annum compounded yearly.Assuming a single deposit £39700 is placed in this investment account.how long would it take for £39700 to amount to £ 68900 ,assuming that £100 is withdraw at the end of each of the first two years and thereafter no further withdrawals are made? 2-A man deposits £1000 every half year into a pension fund earning 6% interest annum ,compounded half yearly .Deposit are made at the start of each half year.How much will the fund be worth at the end of 7.5 years after the initial deposit?
