George Calvin is considering two different investment plans. Under plan 1 he invests $2500 per year for 13 years into a fully taxable saving account...

George Calvin is considering two different investment plans. Under plan 1 he invests $2500 per year for 13 years into a fully taxable saving account whose quoted interest rate is 8% per year. Under plan 2 he invests $2500 per year for 13 years in U.S. savings bonds which will pay a quoted 8% per year and whose interest is tax deferred until withdrawals are made. George is in a 25% tax bracket and he will withdraw all the money in year 13. Calculate the future value after taxes for plan 1 and 2.