QUESTION 2 (20 Marks) Today, on January 1, 2022, you have received a reward for a sum of money from your father amounting to RM10,000.00 for achievement in university studies. From the amount received, RM9,000.00 is used for personal needs, and the balance is deposited into a savings account in a local bank that pays annual interest of 8%. REQUIRED: a. If the bank compounds interest annually, how much will you have in your account on January 1, 2025? [4 marks] b. What will your January 1, 2025, balance be if the bank uses quarterly compounding? C. [4 marks] Suppose you deposit RM1,000.00 in three payments of RM333.33 each on January 1 of 2023, 2024, and 2025. How much will you have in your account on January 1, 2025, based on 8% annual compounding? [4 marks] d. e. How much will be in your account if the three payments begin on January 1, 2022? [4 marks] Suppose you deposit three equal payments into your account on January 1 of 2023, 2024, and 2025. Assuming an 8% interest rate, how large must your payments be to have the same ending balance as in part a? [4 marks]