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3. you deposit 1000 today 2000 one year from now 3000...

# Question: you deposit 1000 today 2000 one year from now 3000...

###### Question details

You deposit $1000 today,$2000 one year from now, $3000 two years from NOW. Your account value at the end of year 2 is$6250. Assume compound interest rate.

a) Write the Equation of Value (EoV) at "t=2" and solve for the annual interest rate earned by you.

b) Write the Equation of Value (EoV) at "t=0" and solve for the annual interest rate earned by you.