Chapter 1.4, Problem 5G

Account 1: You deposit $1,000 into an account that pays 5% simple interest on that $1,000 each year.

Account 2: You deposit $1,000 into an account that pays 5% of the account balance at the beginning of the current year in interest each year.

Fill in the next table by finding the amount in the account at the end of each number of years. You’ve already found four of the amounts in the table. Hopefully.

Account 1 Account 2
Start	$1,000,000	$1,000,000
After 1 year	$1,050	$1,050
After 2 years
After 3 years
After 4 years
After 5 years