Q1)Alex expects to graduate in 3.5 years and hopes to buy a new car then. He will need a 20% down payment, which amounts to $5800 for the car he wants. How much should he save now to have $5800 when he graduates if he can invest it at 8% compounded monthly? (Round your final answer to two decimal places.) Q2)Hank and Gretel want to put money in a savings account now so that they will have $2200 in 5 years. The savings bank pays 8% interest compounded quarterly. How much should Hank and Gretel invest? (Round your final answer to two decimal places.) please help me out with these two question.