finance the balance. inheritance by her late grandfather. Her trust fund is invested in 5 percent government bonds. a. Justify Jinhee's participation in her employer's 401(k) plan using the time value of money concepts. monthly basis, assuming monthly compounding. For each scenario, how much of her down payment will come from interest earned? it is currently invested? Click on the table icon to view the FVIFA table and the PVIFA table and the FVIF table a. Justify Jinhee's participation in her employer's 401(k) plan using the time value of money concepts. Assuming that Jinhee and her employer both contribute five percent of her salary to her 401(k), the amount contributed each year will be $ (Round to the nearest dollar.) If Jinhee's salary remains fixed for 40 years and she earns 8% annually on her 401(k) account, then the value of the account in 40 years would be $ (Round to the nearest cent.) It is in Jinhee's best interest to start contributing t her 401(k) immediately because: (Select the best choice below.) A. the employer match is only offered until she turns 30 . B. the employer match is only offered for the first year. C. the employer match is "free money" that shouldn't be passed up. D. she will not be able to buy a house if she does not participate in the 401 (k) plan. b. Calculate the amount Jinhee needs to save each year for the down payment on a new car, assuming she can earn7 percent on her savings. The amount Jinhee needs to save each year for the down payment on the car, assuming she can earn 7 percent on her savings, is $ (Round to the nearest cent.) Calculate how much she will need to save on a monthly basis assuming monthly compounding. The amount Jinhee needs to save each month for the down payment on the car, assuming she can earn 7 percent on her savings, is $ (Round to the nearest cent.) For each scenario, how much of her down payment will come from interest earned? If Jinhee saves for the down payment by putting money away each year, the amount of interest earned by the time she needs the money for the down payment is $ (Round to the nearest cent.) If Jinhee saves for the down payment by putting money away each month, the amount of interest earned by the time she needs the money for the down payment is $ (Round to the nearest cent.) If Jinhee saves for the down payment by puttting money away each month rather than each year, she will earn $ more in interest over the accumulation period. (Round to the nearest cent.) c. What will be the value of Jinhee's trust fund at age 55 , assuming she takes possession of half the money at age 30 for a house down payment, and leaves the other half of the money untouched where it is currently invested? If Jinhee leaves half the money in her trust fund when she receives it at age 30 , the value of the trust fund when she is age 55 , assuming that she continues to earn the current rate of return, will be $ (Round to the nearest cent.)