A young graduate is planning on saving $870.00 each quarter for four years in an investment account paying 13.40% interest that is compounded quarterly. His first deposit will be made at the end of the next quarter, so this is a regular annuity. The balance from this investment account will be used as a down payment on a new car. Also, in 4 years, he also plans on being able to afford a 60 -month car loan with $374.00 monthly payments at a 11.04% APR interest rate. Given the graduate's plans, how expensive of a "dream car" will he expect to be able to purchase in four years? Answer format: Currency: Round to: 2 decimal places. A baseball player is offered a 5-year contract that pays him the following amounts: Year 1:$1.49 million Year 2: $1.88 million Year 3:$2.30 million Year 4:$2.74 million Year 5:$3.38 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $1.50 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year ANNUITY DUE. All cash flows are discounted at 10.00 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)? (Express answer in millions. $1,000,000 would be 1.00) Answer format: Currency: Round to: 4 decimal places