Future Value: Assume that 1 year from now you plan to deposit 1,000 in a savings account that pays a nominal rate of 8 per cent. a. If the bank compounds interest annually how much will you have in your account 4 years from now? b. What would your balance be 4 years from now if the bank used quarterly com- pounding (using the simple method) rather than annual compounding? c. Suppose you deposited the 1,000 in 4 payments of 250 each at the end of Years 1, 2, 3 and 4. How much would you have in your account at the end of Year 4, based on 8 per cent annual compounding? d. Suppose you deposited four equal payments in your account at the end of Years 1, 2, 3 and 4. Assuming an 8 per cent interest rate, how large would each of your