1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of £1,000 a year from now? £ Enter an answer correct to 2 decimal places. 2.a) You deposit £1,000 into a savings account, which pays compound interest at a rate of 5% per annum. How much money do you have after 4 years? £ Enter an answer correct to 2 decimal places. b) How many years must you wait to double your capital? years Enter an integer.

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Q: 1. In a bank account that pays interest 8% p.a, what should you deposit now to have a balance of…

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