1. How much money will your friend owe after four years if she borrows $1000 now at 7% per year simple interest? a. 2. If invest $4,250 now how much will I have in 20 years at 6% annual interest rate compounded annually? a. 3. What if the interest in question 2 is compounded monthly? How much would be in my account? a. If I wanted to end up with $15,000 at the end of 20 years: 4. How much would have to deposit now assuming I can earn 8.5% annual interest rate that is compounded annually? a. 5. What if I wanted to make one payment a year for those 20 years? How much would I have to pay every year? a. 6. Assuming I only have $1,500 to invest, what annual interest rate would I need to earn to reach my goal? a