150% ALABBCoDDEE AABBCoDDE Subtle Refere. Book Title 1. A saver $1,000 in a certificate of deposit after and each year pays 4 which is compounded annually the certificate meset. a) How much intere ll the saver earn if the interest is left to accumulate? the saver earn if the interest is withdrawn each b) How much in year? c) Why are the answers to (a) to (b) different? 2. At the end of each year a self employed person deposits $1,500 in a retirement a co...that earns 7 percent annually. a) How much will be in the account when the individual retires at the age of the contributions start when person years old? b) How much additional will be in the accountifthe stops making the contribution at the age 65 but defers retirement until 70? c) How much additional money will be in the account if the individual continues making the contribution but defers retirement until age 70? d compare the answers to (b) and (co. What is the effect of continuing the contributions? How much is the difference between the to answers? A saver wants $100,000 after ten years and believes that it is possible to earn an annual rate of 8 percent on invested funds. a) What amount must be invested each year to accumulate s100,000 if (1) the payments are made at the beginning of each year or (2) ifthey are made at the end of each year? b) How much must be invested annually if the expected yield is only 5 percent