b. Calculate how much of a down payment you will need in 4 years. It will be 10% of the purchase price. Show calculation. Down Payment amount: $22,724.6 C. Calculate how much you will need to save each year for the down payment if you hope to acquire the real estate in 4 years if you can earn 10% simple interest. d. Calculate how much you will need to save each year for the down payment if you hope to acquire the real estate in 4 years if you can earn 5% interest compounded monthly. e. Will your current income be adequate to make the purchase? Yes No f. If your salary increases every year for the next 3 years by 2% per year, will you be able to No the house listed above? Yes Show calculation(s)