1.Tom is planning to invest the following amounts at 4 percent
interest. How much money will he have saved at the end of year
3?End of year:Amount saved:1$5002$8003$900 Group of answer choices$2,200.00$2,238.47$2,272.80$2,309.16$2,363.712.Which of the following statements is false?Group of answer choicesA dollar today is worth more than a dollar tomorrow.A safe dollar is worth more than a risky dollar.For a given r (or I), as t (or N) increases, PV increases.An ordinary annuity and a perpetuity are both a series of...