[填空题]
Lily and Eva both receiv+-:ozm:omq wye 50000 Ausfc dhaw kv+wvq3/m1 )1tralian dollars (AUD) on their 18th birthday. Lily deposits her 50000 AUD into a bank account. The bank pays an annual interest rate of 5 %, ch+qcwav /f3)m 11wdkvompounded yearly. Eva invests her 50000 AUD into a high-yield mutual fund that returns a fixed amount of 3000 AUD per year.
1.Calculate:
1.1.the amount in Lily's bank account at the end of the first year;
Hence, using the compound interest formula, we get FV= AUD.
1.2.the total amount of Eva's funds at the end of the first year.
We have FV= .
2.Write down an expression for:
2.1.the amount in Lily's bank account at the end of the nth year;
Hence, using the compound interest formula, we obtain FV=x(1+y)$^n$.x= ,y= .
2.2.the total amount of Eva's funds at the end of the nth year.
We have FV=50000+(x)n.x= .
3.Calculate the year in which the amount in Lily's bank account becomes
greater than the amount in Eva's fund.
Hence this will happen in th year
4.Calculate:
4.1.the interest amount that Lily earns if invested for 12 years, giving your answer correct to two decimal places;
4.2.the amount of funds that Eva earns for her investment if invested for
12 years.
