a. A friend of yours, Krish, wants to purchase a condo in five years. To save for the condo, Krish decides to deposit $148,000 in a savings account on January 1 of this year. The savings account will earn 8% annually. Any interest earned will be added to the fund at year-end (rather than withdrawn). b. At the end of each year, a different friend, Chong, plans to deposit $10,800 in a savings account. The account will earn 11% annual interest, which will be added to the fund bolance at year-end. Chong will make her first deposit at the end of this yeac. Required 1. In (a), how much will be available at the end of five years? What is the total interest earned over the five years? (EV oc (S1) PV of St. FVA of S1, and PVA of S1) (Use the oppropriate foctor(s) from the tables provided, Round your onswers to nearest whole dollae) 2. In ( , what will be the balance in the savings account at the end of the 7 th year 0e, after 7 deposits)? What is the interest earned on answers to nearest whole doller.)