If you deposit S 10,000 in a bank account today that accrues 8% interest annually, how much will be in the account after 5 years, assuming annual compounding. How much will be in the account after 5 years, assuming quarterly 2. If you deposit $1,000 in a bank account at the end of each semiannual period that you 8% interest, how much will be in your account after 5 years, assuming semiannual compounding? How much must you invest today in order to have $50,000 at the end of 10 years assuming annual compounding and a 10% annual rate of return? 3. Jack Smithers is 58 years old and plans to retire in 5 years. Jack estimates that he will need $40,000 a year to live on once he retires. Assuming Jack lives to 85 and can earn 10% per year on his investments, how much will he need in his investment account at age 63 when he retires? 4. 5. John Rodgers has $50,000 in his 401K account today, and he plans to contribute an additional $5,000 each year for the next 20 years. The 401K account has an expected annual return of 12%, how much will be in John's account at the end of the 20 year period? Assuming John retires at the end of the twenty year period and is retired for thirty years, what is the maximum amount that he can remove from his investment account each year over the thirty year period (assume an annual return of 12%)