) At age 30 you invest $1,000 that earns 8 percent each year. At age 40 you invest $1,000 that earns 12 percent per year. In which case would you have more money at age 60? Please show your calculations and explain how you got to your result. Part 2) At age 25 you invest $2,500 that earns 8 percent each year. At age 40 you invest $2,500 that earns 11 percent per year. In which case would you have more money at age 65? Please show your calculations and explain how you got to your result. Also, please explain the value of investing earlier in life rather than later in life. Although this question may sound easy, give me examples and good evidence as to why it is beneficial. Retirement Scenario- You are 35 years old and plan on retiring at age 65. How much do you need to save every month until age 65 to ensure that you will have $3,000 per month to live on until you reach the age of 95? You have no money in the bank now and you expect to earn 5% per year on your investments forever. Please show your work