a. If you deposit 6,000 pesos in an account that pays 4.5 simple interest, how much will you have in the account after 6 years? b. Terry's first investment is worth 30,000 pesos at 6% simple interest...

a. If you deposit 6,000 pesos in an account that pays 4.5 simple interest, how much will you have in the account after 6 years?

b. Terry's first investment is worth 30,000 pesos at 6% simple interest rate for three years. How much must he invest at 4% compounded quarterly for two years to yield the same interest?