Question 3: (20 points) A Aman deposits 536,200 into a bank, which pays 12% interest that is compounded quarterly What will he have in his account at the end of five years points) An Entrepreneur assumes he will need $50,000 in 8 years to develop his business. He decides that he will put aside the money now so that after 8 years the $50,000 will be available. The bank offers him 4% interest compounded semiannually. What is the present value of the $50,000? (6 points)