You would like to contribute to a savings account over the next 3 years in order to accumulate enough money to take a nice vacation. Assuming the savings account earns an annual interest rate of 4% compounded quarterly, how much will you accumulate in three years by depositing $600 at the end of each of the next 12 quarters, beginning 3 months from now? Show your calculations. Question \#5 A construction company has a fixed price contract to build an office building for $25 million. Construction costs incurred in the first year were $6 million and the estimated remaining costs to complete the building in the following year were $9 million. The company recognizes and records revenue over time according to percentage of completion. a) How much revenue will appear on the company's income statement in the first year of the contract? (show calculations)