Assume that 5 years from now you will need 25,000 to start a business. Your bank compounds interest at 8% annual rate 1. How much must you deposit now to have a balance of $25,000 at year 5? 2. If you want to make equal deposits at the end of years 1 through 5 to accumulate the $25,000 how large must each of the 5 payments be 3. If you will have only $17,500 at the end of year 1, what interest rate compounded annually would you have to earn to have the necessary $25,000 at Year 5 4. What if the interest rate was compounded quarterly?