2) Bob Jones' employer offers it workers an optional two-month unpaid vacation after 7 years of service to the firm. Bob, who just started working for the firm, plans to spend his vacation touring Europe at an estimated cost of $24,000. To finance his trip, Bob plans to make an annual deposit of $2,000 into a savings account at the end of each of the next seven years (the first deposit will occur one year from today). The account pays 8% annual interest. Bob needs $24,000 at the end of year 7. Bob will make seven end-of-year payments with the first payment occurring one year from today. You can treat this as an annuity and calculate the FV of this annuity at the end of year 7 a. Will Bob's account balance in seven years be enough to pay for his trip? b. Supposed Bob increases his annual deposit to $2,700. How large will his account balance be in seven years