1) Suppose you invest $200 per month for a period of 30 years.a) How much money would you have at the end of the 30 year period,assuming that the yearly interest rate is 12% compounded monthly?You can assume that the payments are deposited at the end of eachmonth. (Hint: write the amount accumulated in the bank for thefirst few months, and try to get a pattern our of that. ) b)Usingthe same approach indicate how much you would have at the end of 35years?
2) A ball is dropped from a height of 10 ft. and bounces 5/7 ofits former distance vertically, at each bounce. Find the totalvertical displacement, if this pattern continues indefinitely. (Forthis question, count the vertical distance that the ball travels upand down as one vertical distance.)
