Question 2. Solve the following two problems. Use Excel, financial calculator, or PV and FV Tables. Show your work with the formulas and figures inserted in them. (6 marks) 1. Hamad is saving to establish a small business. He deposits a fixed amount of money every month in a bank account that pays a nominal interest rate of 12 percent. If this account pays interest every month, then how much he should save at the end of every month to have AED 50,000 in his account after 5 years. (3 Marks) 2. What is the present value of an investment that pays AED 100,00 every year for four years if the interest rate is 8 percent compounded quarterly