Please respond to the following scenarios as part of the Week 1: Calculating the Time Value of Money assignment. Scenario 1 Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $125 per month into this account starting now (at your current age). How much money will you have in this account when you retire? Scenario 2 Assume you will retire at 67 . You decide to open a retirement account that earns 8% interest. You put \$125 per month into this account starting now (at your current age), for a 10 -year period. After that, you stop contributing to this account, and the account continues to earn 8% interest. How much money will you have at age 67? Scenario 3 Assume you do not start saving now, but wait for 10 years. You will retire at 67 , and earn 8% on your monthly deposits of $150. How much will you have at 67? Scenario 4 Assume you will retire at 67. You decide to open a retirement account that earns 8% interest. You will put $325 per month into this account starting ten years from now. How much money will you have in this account when you retire