1. George Harris has some extra money lying around. He has decided to start investing in a fund for his son. George will deposit $75,000 today, $100,000 in 1 year, $150,000 in 2 years, $200,000 in 4 years, and $500,000 in 5 years. Note that George will not make any deposits in year 3. George can earn 8.25% interest compounded annually on his investments.

a. How much money will there be in the fund by the end of 5 years?

b. How much money will there be in the fund by the end of 10 years?