QUESTION 4 An individual wants to have 1,000,000 AED in 10 years. Suppose she will pay no taxes at the end of the 10 years' investment period. During this time span, she plans on making no withdrawals or deposits. The following are the choices in which she can invest: (1) a savings account earning 3.5% compounded quarterly, (ii) a checking account earning 2.5% compounded monthly, or a money market account earning 5.5% compounded semiannually. (a) Determine how much the person must save today to reach her goal. Paragraph Arial X DOO OSM undo 3 (12) T 6 Words: 0 Path: Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers MacBook Pro 80 F3 OOD FA FE F2 & $ 8 N 9 QUESTION 5 (b) What is her optimal choice and why? Arial . E Paragraph X DOO fx Mashup 3 (12pt) T' T. Show Nonprinting Characters Words Path: P Save All Answ Click Save and Submit to save and submit. Click Save All Ansters to save all answers. MacBook Pro DOO OOO 80 F3 FS esc F1 F2 & % @ # 3 6 7 7 V 8 A 9 re 4 5 0 w 2 C :6 R Y T )