1) Fred invested $70,000 into an account paying 5.3% compounded monthly. After 5 years and 3 months the interest rate changed to 3.8% compounded quarterly. What will be the value of Fred's account 10 years after his initial investment, and how much interest will the account earn? A timeline is required for full marks. (9 marks) 2) Betty wants to have $35,000 in 18 years for BamBam's education. How much money will she need to invest today in an account paying 4.65% compounded semi-annually