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Linzee's grandparents, on the day of her Quinceañera (15 \( 5^{\text {th }} \) birthday) gave her \( \$ 20,000 \) (even though she missed a sectional basketball game). Linzee having learned about how important it is to start saving early is deciding on two investment options. Option 1 will pay her \( 4.05 \% \) interest compounded annually and Option B will pay her \( 4.01 \% \) compounded quarterly.
a. Write a function for Options 1 and 2 that calculate the value of the account after \( n \) years
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Answer
Option 2: F_2(n) = 20000(1 + 0.0401/4)^{4n}
Steps
Step 1 ：Option 1: F_1(n) = 20000(1 + 0.0405)^n
Step 2 ：Option 2: F_2(n) = 20000(1 + 0.0401/4)^{4n}
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