1.) You need $30,000 for the down payment on your first home. You presently have $9,000 in savings for which you expect to earn 5%. If you don't add any further amounts to this account, how long will it be in years before you will accumulate enough to meet your down payment requirement and buy the home? (5 points) 2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual rate) when compounded monthly? (2 points) b) What is the FV when compounded annually? (1 point) c) Compute the EAR for a ) and b). (2 point)