3. If they keep renting for the next ve years, and save everything left, how much money will they have after 5 years of monthly savings? Show the cumulative savings, month by month, by adding these two more columns to the table. Remember to include the compounding for these savings, notjust add them. 4. If instead the couple purchases the apartment, thus every month they pay mortgage, strata, pay back the down payment loan, what will be their cumulative savings every month? And at the end of ve years? (hint: don't forget to compound savings every month). Julianne hopes to travel to Europe next summer and estimates the trip will cost about $3500. How long it will take to save this amount if they indeed buy the apartment? Would they afford the trip next year? mm Mortgage m Down-payment Cumulative Savings