c) Clarence expects to buy a single family home in five years for $650,000. If she wants to make a 20% downpayment and saves $2,000 at the end of each month earning a return of 4.5%, compounded monthly, how much will she have for a down payment for a home at the end of the fifth year? (3 marks). 4 d) Jackie has just retired from her job. She will receive $2,500 as monthly pension for 20 years. If the discount rate is 5% per year, calculate the total present svalue of her pension (3 marks). 7 08 e) i) Chloe wants to buy a boat that costs $50,000. If she makes a downpayment of $10,000 on the boat, calculate how much her monthly boat payments will be 00 if she takes a 7-year loan with an interest rate of 13.5%, compounded monthly (3 marks). 01 02 103 104) Calculate the outstanding loan amount after thirty-six months (3 marks). 105