Assume Haider is considering two different savings plans. The first plan have him deposit Rs. 500/- every six months and he would receive interest at 7.5% p.a. that compounds semi-annually. Under the 2nd plan he would deposit Rs. 1000 every year and receive interest 7% p.a. that compounds annually. Considering stated scenario solve next questions

-What is the future value of plan 1 at completion of year 10?

-What is the future value of plan 2 at completion of year 10?

-Which saving plan is better?