2. [40 Marks] An investor has decided to save $1,000 every year growing at a rate of 5% per year. The investor will make the first deposit in one year (t = 1). (a) How much would the investor have deposited in total after ten years (t = 10)? [4 Marks] (b) If the interest rate is 10% p.a. what is the present value of each deposit? (What is the formula? (10 Marks) (c) What is the present value of 10 deposits? [20 Marks) (d) How much will the investor have in their account in 10 years? (1 Mark]