2. You want to borrow $28,000. For the loan to you must repay $1100 every quarter (4 times per year) for the next 5 years plus $8700 at the end of the 5 years. Based on this, what rate of interest are you paying? 3. Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition, you plan to save $8,500 per year at the end of each year for years 1-9 $13,000 at the end of year 10 $18,500 per year at the end of each year for years 11-20 Assuming you earn 8.7% as an annual rate of return, how much will you have 20 years from today when you retire