1) Meg wants to open an account that will allow her to accumulate $1,000,000 in the next 25 years. If the account pays 5.2% compounded monthly, what size monthly payments will Meg need to make? How much interest will the account earn? (7 marks) 2) Peter wants to start a Tax Free Savings Account by making semi-monthly deposits of $250. If the TFSA is paying 3.9% compounded monthly, what will be the value of Peter's account in 3 years and 9 months? How much interest will the account earn? (7 marks)