1. Sandy Beach intends to deposit $4,000 into her bank account at the end of every three months for five years. Assume that Sandy earns 20% interest compounded quarterly on her bank account. Calculate the amount Sandy will have in her account in five years. 2. ABC Company sold the rights to use one of their patented processes that will result in them receiving cash payments of $2,000 at the end of each of the next five years, a $14,000 cash payment at the end of the sixth year, and a $10,000 cash payment at the end of the seventh year. Calculate the total present value of these payments assuming the interest rate is 6% compounded annually