7. How much money would you need to invest on your 18th birthday at 7.2% per year, compounded quarterly, to be a millionaire by the time you are 70 years old? 8. Jayeed plans to invest $9000 in a term deposit for 24 months. She has three choices. Plan A: 5.5% per year, simple interest Plan B: 5.2% per year, compounded semi-annually Plan C: 5.0% per year, compounded quarterly Which plan should she choose? Why? For each question below, provide well-organized solutions showing all required steps. While calculators may be used for numerical calculations, other mathematical steps must be shown and Justified in your written solutions and specific marks may be allocated for these steps. Be sure to demonstrate your understanding of the grade 11 course material by justifying your answers using the knowledge and skills learned in our class