1. How much would you need to invest today, assuming a fixed 5% annual interest rate, to have $1,500,000 in 30 years with annual compounding of interest? (10 pts.) 2. If you deposit $25,000 today into an interest bearing account earning 6% per year, how much will you have 25 years from now with monthly compounding of interest? (10 pts.) 3. If you save $400 at the end of each month, how much will you have in 20 years, assuming a 4% interest rate and monthly compounding? (10 pts.) 4. If you were lending or investing money, assuming you had the choice, how often would you want to compound the interest? What if you were borrowing money? Briefly explain