Numerical problem I (20p)Suppose the interest rate is 5%, the time horizon is 30 years, the marginal tax rate on ordinary income at the time of the contribution is 30%. the marginal tax rate at the time of withdrawal is 10%. and the marginal tax rate on investment income 20%.(a) What is your final wealth after all taxes. if you save in a regular after-tax account?(b) What is your final wealth after all taxes, if your save inside a 401(k) account?(c) What is vour final wealth after all taxes. if your save inside a Roth 401(k) account?(d) How do you explain the different outcomes?5. Numerical problem II (20p)(a) What is the duration of a perpetuity at the 5% interest rate?(b) What is the duration of a zero-coupon bond with five years to maturity?(c) What is the duration of a bond that pays no interest the first three years, and then pays a coupon of 5% at the end of year four and year five along with the principal of 100 year five, if the interest rate is 5%?(d) Which of the three securities has the highest interest-rate risk?