3. Compute the requested value( 8 ) for each scenario. (14 points total) a. You have determined that $70,000 will be required 15 years from now to help pay for your daughter's college education. If your bank is paying 6.00% compounded annually on its 'College Opportunity' account, what amount must you deposit each quarter to reach your goal? (2 points) b. Your not-so-above-board brother in-law is offering to pay you $4,750 ten years from now in exchange for a $1,200 investment today. If you accept his offer, what annual rate of interest would you earn on your investment? ( 2 points) c. You plan to retire in 12 years and move to Cabo San Lucas where you have your eye on a beach house. The current market value of the house is $125,000 and the annual appreciation rate is 6.00%. If you can earn 10.00% compounded annually on your Z Trade investment account, what amount must you invest at the end of each month for the next 10 years to accumulate the future purchase price of your dream home? ( 4 points) d. You have discovered the local bank is offering loans at 22.00% compounded annually or 20.00% compounded monthly. Which loan alternative is the most attractive, ceteris paribus? (2 points) e. Eleven years from now you would like to withdraw $20,000 a year for a period of 5 years (periods 11 through 15) plus the additional amount of $30,000 in year 15 . Assuming a growth rate of 8.00%, what amount must you deposit today to make these future withdrawals a reality? (4 points) 4. The cash flows associated with three investments are provided below. What is the maximum amount you are willing to pay for each investment? Assume a 12.00% discount rate. (6 points)