Question 1-Basic Savings Plan a. Suppose you save $300 a month, putting the cash into a nice secure piggy-bank (with no interest). How much will you have in 11 months? b. Instead of a piggy-bank, suppose you put $300 a month into a Christmas club that earns 8.75% interest compounded monthly. You start Dec. 30th and take out the money on Nov. 20th. How much did you invest in the Christmas club over 11 months? How much did you earn in interest? c. Suppose you have $150 taken out of your paycheck at the end of each month and will earn 714% interest. Assume you are 25 and the annuity will come to term when you are 65 years old. How much will the annuity be worth? d. How much did you contribute? e. How much did you earn in interest?