What is the Effective Annual Rate (EAR) on a deposit account with a stated Annual Percentage Rate (APR) of 8% and monthly compounding? Enter your answer as a percentage rounded to 2 decimal places. (An answer of 5.12% would be entered as 5.12). Question 2 1 pts A star quarterback just signed with a team that offered a contract that pays $8,000,000 today, $2,000,000 at the end of year 1, $3,000,000 at the end of year 2, and $6,000,000 at the end of year 3. If the discount rate is 9%, what is the present value of this compensation package (at time zero)? Round your answer to 2 decimal places. (An answer of $100.12 would be entered as 100.12). Question 3 1 pts Your parents opened a bank account for you today and deposited $12,000. You decide you would like to have a total of $2,000,000 when you retire in 31 years. If you can earn 9% on your money, how much would you need to save at the end of each year in order to achieve your goal? Assume payments begin at the end of year 1. Round your answer to 2 decimal places. (An answer of $100.12 would be entered as 100.12)