5) You were fired from your last job & received a severance of $20,000. You figure you will be out of work for the next 6 months. If you put your severance money in an account that pays 4% interest compounded monthly, how much can you withdraw from the account at the end of every month? Please also provide a cash flow diagram. (4 marks) 6) f $500 is invested now, $1750 in three years, and $2250 five years from now, all at 5%, what will the total amount be in fifteen years? (8 marks) Semi 7) For your pension, you plan to save $5000 every 6 months into a fund. The fund pays interest at 6%, compounded by annually. You will have the choice of retiring after 25 years or after 30 years. What difference will waiting the extra 5 years make to the future value of your pension? (9 marks)