1. (a). At what annual interest rate will your initial balance of $40,000 will accumulate to $140,000 in 13 years? (b). At what annual interest rate will your initial balance of $40,000 will accumulate to $140,000 in 8 years? (c). Analyze the above scenario. II. (a). Ahmar is 25 years old and he has just started a new job. He plans to save $1125 every year and invest this amount in a savings account that pays a return of 12% annually. His goal is to reach $1,500,000 balance in the account. If he sticks to his plan, how long will it take him to reach his goal? How old will he be then? (b). What advice regarding savings will you give to Ahmar? (Analyze and interpret the findings above)