Use the information below to answer the following questions. Present and future value tables of $1 at 3% are presented below: 1 1.03000 0.97087 1.0000 0.97087 0300 1.00000 20909 197087 1.0609010942601 2.03 1.91 | 1ym 347 1.09273 0.91514 4 | 1.12551| 0.88849|-41836-3.717101-430911-3.82861 1.1592 0.86261| 5.30911 4.57971 .19405 0.83748 22987 0.81309 7.662 126677 0.78941 1.30477 0.76642 5.46844.71710 5.41719 6.6625 5.5797 6230287.8923 64179 9.1591 7.23028 7.786111 10.46301 8.019 7 1 7.66256.23028 8.8923 7.01969 10 1.34392 0.744091469 8.53020 118078 8.78611 1.38423 0.72242 12.8078 9.25262 13.1 3.1920 9.53020 1.42576 0.7013814.1920 9.9540014.6178 10.25262 13 1.468530.68095 15.6178 10.63496 16.0863 10.95400 14 15 16 1.60471 0.62317 20.569 12.56110 20.7616 12.93794 1.51259| 0.66112| 17.0863| 11.29607| 17,5989 1163496 1.55797 0.6418618.598911.93794 19.1 compounds semiannually. Carol II) 11)Carol wants to invest money in a 8% CD account that would like the account to have a balance of $120,000 five years from now A)How much must Carol deposit to accomplish her goal?Show calculations. 7,4409 B) Define compound interest and simple interest A)