1. Exercise One: Suppose you want to start your own business in 10 years, and you plan to invest $1,250 monthly in an interest-bearing account with an annual interest rate of 2.75% to reach that goal. Given this aforementioned investment strategy, (a) how much money will you have then? (b) If you decide to reinvest your funds at maturity for an additional 2 years, under quarterly compounding, and an annual interest rate of 2.25%. How much money will you have at the end of the reinvestment process? (3 Points)