E 2 PAA AA EE * ADA. E AaBbcd AaBbCd AaBbcd 1 Normal No Spac. Heading 1 E . 9 . ent Paragraph Styles scess a trust fund left to her as an inheritance by her late grandfather. Her trust fund has $80,000 ivested at an interest rate of 5%. 1. Justify Emily's participation in her employer's 401(k) plan using the time value of money concepts by calculating the actual annual return on her own contributions. She will contribute $1,000 per year to her 401(k) for 25 years and the employer will match dollar for dollar. Assume that her 401(k) earns 6% per year for 25 years and all contributions are made at the end of each year. Shr 2. Calculate the amount of money that Emily needs to set aside from her bonus this year to cover the down payment on a new car, assuming she can earn 4% on her savings. What if she could eam 10% on her savings? 3. What will be the value of Emily's trust fund in 36 years, assuming she takes possession of $20,000 in 2 years for her wedding, and leaves the remaining amount of money untouched where it is currently invested? 4. Suggest at least two conditions that Emily and Paul could take to accumulate more for their retirement