5 5. (5 marks) You are planning to go on a year long holiday, which will start 5 years from now. During your holiday you want to be able to withdraw $500 per week for all expenses, at the start of each week. All balances in accounts earn a quoted rate of 13%, compounded weekly. Draw a timeline. Show all work. How many weeks are in a year? a. What is the applicable interest rate? b. How much must you save in your account at the end of each week during the five years leading up to the start of your holiday, in order to finance your holiday? c. One year from now, after you have been saving for one year, suddenly and unexpectedly you win the amount of $2456. You put this entire sum into your holiday savings account. By how much can you now reduce your weekly savings, and still reach your holiday goal? Draw a timeline