Question 4 FOR THE FOLLOWING QUESTION USE BA II PLUS FINANCIAL CALCULATOR. MENTION ALL KEYS! NO MARKS GIVEN IF KEYS ARE NOT MENTIONED. I Construct an amortization schedule for a $3,000,9% semi-annual compounded loan. The loan is for 2 years. (Note payments will now be semi-annual). (5 marks) II. (a). A college student is 23 years old and a recent graduate. He wants to start saving for his retirement. He plans to save $2000 per year in an online stock account that pays annual return of 9.5%. If he sticks to the plan, how much money will he have at the age of 652 (make a time-line). (4 marks) (b). Suppose he starts saving for the retirement at the age of 40. If he uses the same plan above, how much money will he have at the age of 65? (2 marks) (e). What advice regarding savings will you give to the college graduate? (Analyze and interpret the findings above). (3 mark) III. What is the best selection for Amber from the following options? She has just won a lottery. She expects to earn 7.5% annually. (6 marks) Option 1: She can elect to receive a lump sum today $63million Option 2: She can elect to receive 10 end-of-year payments of $9.8 million Option 3: She can elect to receive 30 end-of-year payments of $5.8 million. Option 4 : She can elect to receive 30 start-of-year payments of S6.8 million