3 of 15 Alex deposits $5313 today. How much money will he have accumulated in 7 years if the fund earns 8% compounded every 4 months? The total amount of money Alex accumulates is $ Note: Please retain at least 4 decimal places in your calculation and at least 2 decimal places in your final answer. Unsure 4 of 15 In 20 years, you plan to set up a retirement fund that pays you $20,000/year at the end of each year forever with an annually compounded discount rate of 8%. In order to set up the fund in 20 years, how much do you need to save at the end of each month (starting this month and total 240 savings) assuming you can get a semi-annually compounded return of 10% on your savings for the next 20 years? Note: Please retain at least 4 decimal places in your calculations and choose the closest option O a. $ 319.45 Ob. $ 337.94 Oc. $ 326.52 O d. $ 329.24 Unsure Oe. $335.20