Q1. Assume that you will receive $100 at the end of each year in the next 5 years. You will deposit the money in the bank as soon as you receive it, and the annual interest rate is constantly 3%. How much money are you going to have by the end of year 10 ? (5 points) Q2. Dylan just found a new job and he is starting to work today. Assume that the new job pays $1,000 a month in the beginning of each month (meaning that Dylan receives the first pay check today). The annual interest rate is assumed to be 12%. What is the present value of Dylan's total salary in the first year of work (12 months)? (5 points) Q3. A couple is arguing about whether to buy a luxury wedding ring for the guy, which costs $1,500, or to buy a not so fancy ring on Amazon for $8.99. The guy is expected to wear a ring for the next 60 years. The luxury ring will last for the entire 60-year period, while the Amazon ring will need to be replaced every two months during the 60-year period. The couple needs to make a decision immediately and will make the payment for either ring today. (If the Amazon ring is purchased, the couple will buy a new ring of equal value ($8.99) every two months for the next 60 years.) Assume Amazon will never change the price of the ring. Q3a. Please advise the couple which purchase makes more economic sense (i.e., cheaper) based on an annual discount rate of 3.8%. (5 points) Q3b. (How) Would you revise your advice if the applicable interest rate ranges between 3% and 6% with 0.5% intervals (e.g., 3%, 3.5%, ... 5.5%, 6%)? Please use DataTable to answer this question. (5 point)