1 .Alan plans to fund his individual retirement account, beginning today, with monthly deposits of $2,000, which he will continue for the next 20 years. If he can earn a rate of 8 percent (compounded monthly) on his deposits, the amount in the account upon retirement will be? (5 Marks) 2. Sam has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded daily. Which deposit would earn a higher return? (5 Marks) 3 Alan has purchased a new car for $15,000. He paid $2,500 as down payment and he paid the balance by a loan from his hometown bank. The loan is to be paid on a monthly basis for two years charging 12 percent interest. How much are the monthly payments? (5 Marks) 4. Suppose you have just started with your career and got your dream job with a salary of $200,000 per year. You are now aspire to buy a house but do not want to get a bank loan. The average price of your dream house is $500,000 today and its price is growing at 5 percent per year. How much should you invest in a project at the end of each year for the next 5 years in order to accumulate enough money to buy that house with cash at the end of the fifth year? Assume the project pays 12 percent rate of return. Please solve as fast as possible. My exams are going on