(i) Eight thousand dollars has to be invested for 10 years. For each option below, calculate the balance at the end of that time? (a) Option 1: A bank savings account at 7% interest, compounded quarterly. (b) Option 2: A credit union drawing at 6.5% interest compounded monthly. (c) Option 3: A mutual fund 6% annual interest, compounded daily (ii) The value V of a Porsche 718 Cayman that is t years old can be modeled by V(t) = 420,000(0.965)t (a) What would be worth the car′s worth in 2 years? (b) I how may years will the car be worth $325,000?