You want to save for your retirement in 7 years. You are considering two investment options: Option A: You plan to invest $500 at the end of every month over the next 7 years into a savings account with a monthly interest rate of 1%. Option B: You will invest a lump sum of $45,000 today and earn an annual interest rate of 6% (compounded quarterly) for the next 7 years. Notes: - ChatGPT generally does not always produce the correct answers for TVM calculations, therefore you need to do these calculations on your own. - You must show all workings. If there are no workings you will get zero even if the final answer is correct. REQUIRED: Calculate the value of the savings account after 7 years for Option A and the amount of interest eamed on the investment. (3 marks) Note: - Enter your numerical answer in the designated places below. - Do not put a dollar sign (\$) in your numerical answers. - Show your calculations (workings) in the box provided. - Round your answer to two decimal places. - Interest Factor Tables have been provided. Provide vour answer to Question 2(a) here: Show any workings for Question 2(a) here (add additional rows for each working you show): REQUIRED: Calculate the value of the savings account after 7 years for Option B. Note: - Enter your numerical answer in the designated places below. - Do not put a dollar sign (\$) in your numerical answers. - Show your calculations (workings) in the box provided. - Round your answer to two decimal places. - Interest Factor Tables have been provided. Provide your answer to Question 2(b) here: Show any workings for Question 2(a) here (add additional rows for each work.ng you show): You want to save for your retirement in 7 years. You are considering two investment options: Option A: - You plan to save $500 at the end of every month over the next 7 years into a savings account monthly interest rate of 1%. Option B: You will invest a lump sum of $45,000 today and earn an annual interest rate of 6% (compoun quarterly) for the next 7 years. Notes: - ChatGPT generally does not always produce the correct answers for TVM calculations, therefore you to do these calculations on your own. - You must show all workings. If there are no workings you will get zero even if the final answer is corre Question 2(c) REQUIRED: Discuss which option you would choose and why. (2 marks, max80 words)