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A person decides to save money received for the lottery prize. The the amount received...

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Accounting

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A person decides to save money received for the lottery prize. The the amount received for the prize was $130,000; deposits it in a term of 15 months. During the first 6 months a simple interest is applied of 18.75% per year and the rest of the time a compound interest of 12.10% per year. Determine the amount received at the end of the period and determine what interest Constant annual compound would have given the same yield. Make a timeline that illustrates your results. $ 200 is deposited in a financial institution that guarantees an interest annual compound of 18.35 %. At the end of the period a total amount of $ is received 549.5909; determine the time in months that the money was in that entity

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