Question 1 (1 point) You want to retire in 40 years and plan to make quarterly payments into an account that pays 7% per year compounded quarterly. How much would you have to invest every quarter so that you would have $1,000,000 when you retire? $1,012.44 $1,252.28 $1,346.61 $1,162.70 Question 2 (1 point) How much would you be willing to pay for the right to receive 1,000 at the end of every year for the next 8 years if your required rate of return was 4% per year compounded annually? Round your answer to the closest dollar. Do not include the $ sign. Your