Question #2 (25 Points): a) Calculate the present equivalent value (P) for the following cash flow profile. (15 points). I $3,500 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 i= 9% t=0 t=1 t=2 t-3 t4 t=5 t=6 b) Maria deposits $2000 in a savings account that pays 7% compounded annually. 2 years after the deposit (at the end of year 2), the interest rate increases to 8% compounded annually. A second deposit of $3000 is made immediately once the interest rate changes to 8%. How much will be in the fund 7 years after the second deposit? (10 points)