4. Anna Maria made quarterly deposits to her savings account each quarter over a 4-year period. The account pays 8% compounded quarterly and each deposit was for $250. Anna wishes to purchase some artwork for a birthday gift for her favorite aunt. How much does she have available to make her gift purchase? 5. Olivia Kelly has just won the Beawinner Lottery and can elect one of two options for her payments. She can either receive $500,000 today or she can receive three annual payments as follows: $100,000 at the end of the first year, $200,000 at the end of the second year, and $300,000 at the end of the third year. If she believes she can make an investment that will pay a 9% compounded annually interest rate, should she take the $500,000 or the three payments