Exercice 1: a. What is the future value (as of 10 years from now) of an annuity that makes 10 annual payments of Rs. 5,000, if the interest rate is 7% per year compounded quarterly? b. A man wants to save $100,000 to pay for his son's education in 10 years' time. An education fund requires the investors to deposit equal installments annually at the end of each year. If interest of 7.5% per annum is paid, how much does the man need to save each year in order to meet his target