Round your answer to the nearest one-hundredth decimal point. For example, write 7.49 for 7.49%. Question 1 a.Suppose you deposit $5000 in a savings account that pays 8 percent compounded annually. How much will you be able to withdraw after 20 years assuming compounding interest? b.Suppose you deposit $5000 in a savings account that pays 8 percent compounded annually. How much will you be able to withdraw after 20 years assuming simple interest? c.Suppose you deposit $4000 in a savings account that pays 9 percent compounded annually. What is the effect of compounding if you withdraw your funds after 15 years? d.Suppose you have $20000 to invest. The interest rate is 8% compounded monthly. How much can you withdraw after 20 years