Bob is 30 years and Leia is 30 years married 5 years ago, Bob works for a company and earns $60,000 before taxes, Leia works as a Teacher Assistant and earns $25,000 after taxes. They have 2 children, Tim 5 years and Erika 4, Their monthly expenses, loans, credit, and available resources are as follow.

1- Calculate the ending balance at the end of the second year for the Auto Loan

2- Calculate the total Financial Resources for the Family

3- Calculate the interest expenses for the loan for the first year

You have one hour to answer this exam, support your conclusions or answers with calculations. Show your work. If you think you need additional information make your own assumptions. Bob is 30 years and Leia is 30 years married 5 years ago, Bob works for a company and earns \\( \\$ 60,000 \\) before taxes, Leia works as a Teacher Assistant and eams \\( \\$ 25,000 \\) after taxes. They have 2 children, Tim 5 years and Erika 4. Their monthly expenses, loans, credit, and available resources are as foliow. General assumptions, Tim and Erika will leave their parent's house at the age of 25. Because of this, family living expenses will be reduced by \30. Bob and Leia, will retire at the age of 65 . The lie expectancy for \\( 8 O B \\) is 78 and LEIA 80 . The tax rate is \30. 1. Calculate the ending balance at the end of the second year for the Auto Loan 2. Calculate the total Financial Resources for the Family 3- Calculate the interest expenses for the loan for the first year