If you are attempting these questions ...then solve for both images Example 1On January 1st you invest I' dollars into two different bank accounts. The first accountcompounds interest at a term rate of r at the end of odd-numbered months. The secondaccount compounds at a term rate of s at the end of even-numbered months. What isthe combined value of these accounts after one year has passed?4² Example 2Your financial planner at the bank offers you a new investment product that earnsinterest using the following scheme:Any amount deposited does not earn interest for the first month it is in theaccount.. Afterwards, it earns interest at a rate of 0.5% at the end of every odd month(January, March, May, July, September, November), and 1% at the end of everyeven month (February, April, June, August, October, December).(Note: these rates are not APRs.)You'd like to make three equal deposits of into the account on October 1, 2022,February 1, 2023, and April 1, 2023.Determine I so that you have exactly $2000 on July 1, 2023.

I be the initial investment in dollars.r be the term rate for the first account (compounding at the…

On January 1st you invest P dollars into two different bank accounts. The first account compounds interest at a term rate of r at the end of odd-numbered months. The second account compounds at a term rate of s at the end of even-numbered months. What is the combined value of these accounts after one year has passed?