2. Saving for a Down Payment. In an attempt to have funds for a down payment, Pat plans to save $7,500 a year for the four sfx years. With an interest rate of 4 percent, what amount will Pat have available for a down payment after the four years? (10 points) 3. Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"? (5 points)