Question 1 1 pts How much would you have to deposit today in a bank account that pays 3.88% compounded annually to fund 7 yearly payments of $6,494 with the first payment starting 9 years from now? Question 2 1 pts You want to buy a car that's currently priced at $25,667. The price of the car in one year will be $23,123 since it will be last year's model. You currently don't have anything in your bank account. Consequently, if you buy the car today you will borrow $25,667 from your parents who will charge you 2.94% APR compounded monthly. You will repay the entire loan balance in one year if you decide to buy the car today. How much will you save (viewed as of one year from now) if you wait to buy the car