For the Homework Quiz questions associated with the exercise, you will be instructed to format all answers as positive amounts with commas, rounded to the nearest whole number with no dollar sign in front. Question 1: Levinson Corporation wants to accumulate a fund to replace its equipment in 5 years. If it invests $200,000 today at 7%, what amount will it have in 5 years? Show your work here \& round all answers to the nearest whole dollar: Question 2: Assume the same facts as in question 1 except that instead of investing the full $200,000 upfront, Levinson invests $40,000 per year at the end of each year. What amount will it have in 5 years? Show your work here \& round all answers to the nearest whole dollar: Question 3 Scenario Sanders Co is paying off a $4,000 debt to Johnson, Inc. Assume that Sanders Co. has promised to pay off the debt in four years. What is the present value of each of the options below if the annual rate is 12%, and the payments are made as follows: Question 3a: Four payments of $1,000 annually are each made at the end of the year over the 4 years. Show your work here \& round all answers to the nearest whole dollar: Question 3b: Eight $500 payments are paid twice per year (semiannually) over the next four years with the first payment made six months from today. Show your work here \& round all answers to the nearest whole dollar: Question 3c: Sixteen $250 payments are paid four times per year (quarterly) over the next four years with the first payment made three months from today. Show your work here \& round all answers to the nearest whole dollar: Questions 4&5 respectively - Based solely on the TVM calculations above, Which method of payments do you think each company would prefer and why