3. a), Suppose you are committed to owning a S205,000 Ferrari. If you believe your mutual fund can achieve an annual return of 10.7 percent, and you want to buy the car in 12 years on the day you turn 30, how much must you invest today? b). You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return of 10.95 percent and make no additional contributions. What will your account be worth when you retire in 41 years? What if you wait 10 years before contributing? C). You expect to receive $44,000 at graduation in two years. You plan on investing it at 10 percent until you have $179,000. How long will you wait from now