As part of your financial planning, you wish to purchase a new car five years from today. As of today, the car costs $14000, and the bank has agreed to provide loans. Consider the following situations to estimate the actual cost of the vehicle: 1. Calculate the price of the car after five years if the interest rate for every six months is 3% and compounded monthly. 2. Estimate the value of the vehicle after five years if the quarterly interest rate is 4% and compounded monthly.