Suppose your favorite furniture store is offering a deal on a super nice recliner sofa. You can purchase it for $3,000, but you do not need to pay anything for 2 years. Moreover, no interest cost is incurred! You are very interested. Now you just need to figure out how you can best save up for this purchase invest a lump sum into a savings account today or commit to making regular deposits into a savings account. a. How much money would you need to deposit now in a savings account earning 5% APR compounded monthly, so that you can pay the $3,000 bill in 2 years? b. How much money would you need to deposit into the savings account each month to be able to pay the $3,000 bill in 2 years?